When to Talk to Your Mortgage Pro About Pre-Qualifying
Even if you've not so much as narrowed down homes to view yet, it is advantageous to visit with your mortgage pro first. Why? What can we do for you before you have made an offer, and do not yet know how much you want to borrow?
We Can Help You Pre-Qualify
We will help you calculate how much of a loan you can qualify for and the mortgage payment amount you are able to afford by getting you pre-qualified. The process outlines your finances - your debts, income, job, and cash available for down payment, among other things. It's quick and to the point.
At the point you are considered eligible, we prove our confidence in your potential to qualify for a mortgage loan by awarding you a Pre-Qualification Letter (also known as a "pre-qual").
Once you locate a house that catches your eye, and you decide to put together an offer, being pre-qualified for a loan will do a number of things. The first is that you will be sure what you'll be able to afford when determining the offer. Of greater importance to the seller, your pre-qualification is like your having entered their house with a suitcase full of money ready to purchase the house! They need not wonder if that they have been wasting their time if you don't be able to qualify for a high enough mortgage. The seller of the home won't worry if he can trust you to qualify for your loan.Your qualifying for the necessary loan amount will not cause them concern. You have the capability to back your offer up.
We will help you pre-qualify
We can help you calculate how much of a loan you can qualify for and the mortgage payment amount you can afford by getting you pre-qualified. We do this by analyzing your debts and income, your work and housing situations, your funds available for a down payment, required reserves, and other financial considerations. It's quick and to the point; and we keep the paperwork light.
While you are encouraged to benefit from our mortgage calculators on our website, it will be essential to meet with us. For one thing, you'll want a Pre-Qualification Letter! Then, we can make sure we have the best mortgage program for your situation. We're eager to hear from you.