The Importance of Pre-Qualifying
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It is valuable to visit with a mortgage professional early, even if you haven't decided the kind of home to look for. What for? What can we do for you before you have made your offer, and don't know yet how much you want to borrow?
We Can Help You Pre-Qualify
We can help you find out the loan amount you can qualify for and the mortgage payment amount you are able to afford by getting you pre-qualified. This process leads you through your current financial situation - your debts, income, job, and down payment money, among other things. We ask for a minimum amount of paperwork, and avoid a lengthy process.
We give you a Pre-Qualification Letter after you qualify, that documents that we're confident you will qualify for up to a certain amount of mortgage loan dollars.
Power in the Pre-Qual
Once you find the house that is ideal for you, and you want to make an offer, being pre-qualified for a loan will do several things. First, you have some concrete numbers in mind, as the total you will qualify for on your loan.
Even more important to the existing owner, your pre-qualification letter gives them confidence - as if you had entered their home with a bag of cash to make the offer! They won't need to wonder if that they're wasting their time if you will not have the ability to qualify for a high enough mortgage. The seller won't be concerned that he can't trust you to qualify for your loan.Your qualifying for the necessary mortgage loan amount won't be something for them to fret over. You can have the sway of a buyer ready to make the deal right now!
We will help you with your pre-qualification
When we pre-qualify you, we help you determine how much of a monthly payment you can afford, and how much we of a loan you will qualify for. During the process, we look at your borrowing power - reviewing your employment, money available for down payment, existing debt, income, and other circumstances. It is a short, thorough process with minimal risks for papercuts.
One on one
It is vital to sit down and meet with us, even though you are welcome to also use the helpful mortgage loan calculators on this website. For one thing, you will need a Pre-Qualification Letter! For another thing, we could find a different mortgage loan option that better fits your needs. Contact us at 6023326989 to get your pre-qualification process started.
Have questions about pre-qualifying? Call us at 6023326989. Norma Moreno-Squier answers pre-qualifying questions every day.