When to Talk to Your Mortgage Pro About Pre-Qualifying
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It's helpful to see a mortgage professional early, even before you've determined the kind of home to look for. Why? Maybe it is difficult to fathom how we can help even before you begin to calculate your offer.
We will help you determine how much of a loan you can qualify for and the monthly mortgage payment amount you can afford by helping you pre-qualify. During this process, we look at your borrowing power - looking at your employment, money available for down payment, debt, income, and other circumstances. It's short and to the point; We keep the paperwork light.
After you are determined to be eligible, we document our confidence in your ability to qualify for a loan by awarding you a Pre-Qualification Letter (also called a "pre-qual").
Some beneifits open to you after you find your new house, and have pre-qualification. First, you have some general numbers in mind, as the amount you can borrow.
More important to the seller, your being pre-qualified is like your having walked into their house with a bag full of money to make the deal! They need not worry that that they are wasting their time if you don't be able to qualify for a big enough mortgage loan. The seller won't wonder if he can count on you to qualify for your loan.Your qualifying for the necessary mortgage loan amount won't cause them concern. They have a virtual guarantee to trust your ability to back up your offer.
We can help you pre-qualify
When we pre-qualify you, we help you decide how much of a monthly mortgage payment you can afford, and the loan amount you can qualify for. In this process, we determine your ability to borrow - analyzing your earning status, available money for down payment, debt, income, and other circumstances. It's short and to the point; and we take pride in keeping the paperwork light.
While you are able to try our mortgage calculators on our website, it will be essential to meet with one of our mortgage professional team members. That way, we will be able to help you get your pre-qualification letter. Next, we can review your loan choices to be sure you have chosen the right one. Let us help you get 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!