The Importance of Pre-Qualification
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It is helpful to consult your mortgage loan professional early — even before you have started to consider neighborhoods. Why? What can we do for you before you have negotiated a price, and don't yet know the amount you need to borrow?
We Can Help You Pre-Qualify
When we pre-qualify you, we help you figure out the amount in monthly mortgage payments you can fit in your budget, and the loan amount you can qualify for. We achieve this by reviewing your income and debts, your work and housing situations, your available funds for a down payment, required reserves, and other financial considerations. It is a quick, thorough process with minimal risks for papercuts.
When you qualify, will present to you a Pre-Qualification Letter (your real estate agent might call it a "pre-qual"), that states that we are helping you to find the right mortgage loan program to meet your situation and that we are confident you'll qualify for a mortgage for a certain amount.
Various advantages open to you once you've found your next house, and have pre-qualification. The first is that you will be sure what you'll be able to afford when determining the offer. Being pre-qualified can also make your offer look even better to the home seller, like you were bringing them a bag full of cash! They won't have to be concerned that they are wasting their time if you won't be able to have the ability to qualify for a big enough mortgage loan. The seller of the home won't wonder if he can count on you to qualify for your loan.Your qualifying for the necessary mortgage loan amount won't be something for them to be concerned about. They have a virtual guarantee that they can trust your ability to back up your offer.
We will help you with your pre-qualification
Our mortgage professionals will help you find out the loan amount you can qualify for and the monthly payment amount you are able to afford by getting you pre-qualified. During this process, we look at your borrowing capacity - analyzing your job, money available for down payment, existing debt, income, and other areas. We will ask for a minimum amount of paperwork, with a short, basic process.
One on one
It is vital for you to sit down and talk with us, even though you are free to also use the helpful mortgage loan calculators on our website. We can walk you through your pre-qualification letter. Next, we can consider your mortgage loan options and make sure you have chosen the right one. We are eager to hear from you: contact us at (888) 478-9991.