The Importance of Pre-Qualification
Even if you have not so much as narrowed down homes to visit yet, it can be advantageous to see your mortgage pro first. Why? Perhaps it's difficult to understand the way we can help even before you begin to negotiate.
We Can Help You Pre-Qualify
We will help you see how much of a mortgage you can afford, and how much money you can borrow, by taking you through pre-qualifying. This process outlines your finances - your debt, income, job, and down payment money, among other things. We ask for a minimum amount of paperwork, and avoid a lengthy process.
We award you a Pre-Qualification Letter if you qualify, that says that we are confident you will qualify for a predetermined amount of mortgage dollars.
Various advantages open to you once you find your dream house, and have pre-qualification power. The first is that you will know the amount you will be able to afford when determining your offer.
Being pre-qualified also will make your offer more attractive to the seller, like you were bringing them a suitcase of cash! They need not wonder if they have been wasting their time if you won't be able to be able to qualify for a high enough mortgage. The seller won't worry if he can count on you to qualify for your loan.Your qualifying for your needed loan amount won't cause them concern. You will have the influence of a buyer ready to make the purchase on the spot!
We will help you with your pre-qualification
When we pre-qualify you, we help you figure out the amount you can afford in mortgage payments you can fit in your budget, and the loan amount you can qualify for. In the process, we determine your borrowing power - analyzing your employment, money available for down payment, existing debt, income, and other areas. It is a short, thorough process with minimal risks for papercuts.
It's vital to sit down and talk with us, even though you are free to also try the helpful mortgage loan calculators on our site. For one thing, you'll want a Pre-Qualification Letter! Next, we can review your mortgage options and make sure you are in the right one. Let us get you started: Call us at 866-300-1550.
Have questions about pre-qualifying? Call us at 866-300-1550. It's our job to answer pre-qualification questions, so we're happy to help!