Why Pre-Qualification is Important
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Even if you haven't so much as picked out houses to view yet, it is advantageous to contact your mortgage loan professional early. Why? Maybe it is hard to understand the ways we could help even before you start to negotiate.
We Will Help You Pre-Qualify
We can help determine how much of a mortgage you can afford, and how much money you can borrow, by walking you through pre-qualifying. We can accomplish this by considering your debts and income, your work and housing situations, your funds available for down payment, required reserves, and other financial considerations. We ask for a minimum amount of paperwork, and avoid a lengthy process.
We will award you a Pre-Qualification Letter when you qualify, which says that we're confident you'll qualify for a certain amount of mortgage loan dollars.
Power in the Pre-Qual
A number of advantages open to you after you have found your next house, and have pre-qualification. First, you have some general numbers in mind, as the total you will qualify for with your loan.
Of greater importance to the seller, your being pre-qualified is like your having entered their front door with a suitcase full of cash ready to make the deal! They will not need to worry that that they're wasting their time if you can't be able to qualify for a high enough mortgage loan. The seller won't be concerned that he won't be able to trust you to qualify for your loan.Your qualifying for your needed mortgage loan amount won't cause them concern. You have the ability to back up your offer.
We can help you pre-qualify
We can help you calculate how much of a mortgage you can afford, and the amount of money you will be able to borrow, by taking you through pre-qualifying. This process outlines your current financial situation - your debt, income, career, cash available for down payment, among other things. It is a quick, thorough process with minimal risks for papercuts.
You can always use the calculators here on this site to get an idea of how much mortgage you'll be able to afford - but it's also valuable to talk with us. That way, we'll help you get your pre-qualification letter. Then, we'll make sure we have chosen the ideal mortgage loan program for you. Contact us at 866-840-8745 x2 to get started.
Have questions about pre-qualifying? Call us at 866-840-8745 x2. It's our job to answer pre-qualification questions, so we're happy to help!
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