When to Speak to a Mortgage Professional About Pre-Qualification

Are you looking for a new mortgage loan? We can help! Give us a call today at 3103737406. Ready to begin? Apply Here.

It is valuable to bring in your mortgage professional as soon as possible — even before you've begun narrowing down neighborhoods. What for? If you do not yet know how much home you want to qualify for, what can we help you with?

We Will Help You Pre-Qualify

We will help you see how much of a mortgage you can afford, and how much money you may be able to borrow, by taking you through the pre-qualification process. We achieve this by reviewing your income and debts, your employment and housing situations, the available funds for a down payment, required reserves, and other considerations. We will ask for a minimum amount of paperwork, with a short,basic process.

Once you are considered eligible, we prove our confidence in your potential to qualify for a mortgage by awarding you a Pre-Qualification Letter (also called a "pre-qual").

Power in the Pre-Qual

Holding your pre-qualification letter, several advantages fall at your feet at the point you locate the home you want to make an offer on. The first is that you can know what you'll be able to afford when calculating the offer. Of greater importance to the home seller, your being pre-qualified is like your having walked into their house with a bag full of cash to make the deal! They will not need to wonder if they are wasting their time if you will not be able to qualify for a high enough mortgage loan. The seller of the home won't be concerned that he won't be able to count on you to qualify for your loan.Your qualifying for your needed mortgage loan amount won't cause them concern. They have a virtual guarantee that they can trust your ability to back up your offer.

We will help you with your pre-qualification

When we pre-qualify you, we help you decide how much of a monthly mortgage payment you can fit in your budget, and the size of loan you can qualify for. During this process, we calculate your capacity to borrow - analyzing your job, money available for down payment, debts, income, and other areas. It's a short, thorough process with minimal risks for papercuts.

One on one

It is important for you to sit down and talk with us, even though you are welcome to also try the helpful mortgage calculators on this website. We can work toward your pre-qualification letter. For another thing, we could find a different mortgage option that fits your goals better. Let us get you started: Call us at 3103737406.

Have questions about pre-qualifying? Call us at 3103737406. It's our job to answer pre-qualification questions, so we're happy to help!

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