When to Speak to a Mortgage Pro About Pre-Qualification
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It is important to consult your mortgage professional early — even before you have started researching neighborhoods. Why? When you don't know yet how much home you need to qualify for, what can we do for you?
Our mortgage professionals will help you determine the loan amount you can qualify for and the monthly mortgage payment amount you are able to afford by getting you pre-qualified. We can achieve this by analyzing your debts and income, your work 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.
At the point you are determined to be eligible, we prove our confidence in your ability to qualify for a loan by giving you a Pre-Qualification Letter (also called a "pre-qual").
Various advantages open to you when you have found your dream house, and have achieved pre-qualification. First, it helps you know the amount that you can offer. More important to the home seller, your pre-qualification is like your having walked into their front door with a suitcase full of money ready to make the deal! They need not worry that they're wasting their time if you won't be able to be able to qualify for a big enough mortgage loan. The seller won't worry if he can trust you to qualify for your loan.Your qualifying for the necessary mortgage loan amount won't be something for them to be concerned about. You have the clout of a buyer ready to make the deal on the spot!
We help with your pre-qualification
When we pre-qualify you, we help you decide the amount you can afford in monthly payments you can fit in your budget, and the size of loan you will qualify for. We do this by reviewing your debts and income, your work and housing circumstances, the available funds for down payment, required reserves, and some other things. It's a short, thorough process with minimal risks for papercuts.
One on one
It's vital for you to sit down and meet with us, even though you are welcome to also utilize the helpful mortgage calculator tools on this site. We can walk you through your pre-qualification letter. Then, we can make sure we have the ideal mortgage program for you. We are eager to meet with you: contact us at (888) 478-9991.