Why it's Important to Pre-Qualify
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It's helpful to visit with a mortgage loan pro early, even if you haven't settled on what type of home to search for. What for? If you do not know yet how much house you want to qualify for, what could we do for you?
We Will Help You Pre-Qualify
When we pre-qualify you, we help you determine how much of a monthly payment you can afford, and the loan amount you can qualify for. We will achieve this by considering your income and debts, your employment and housing circumstances, the funds available for a down payment, required reserves, and some other things. We will require a minimum amount of paperwork, and avoid a lengthy process.
After you are determined to be eligible, we document our confidence in your capacity to qualify for a mortgage by presenting you with a Pre-Qualification Letter (also known as a "pre-qual").
A number of beneifits open to you when you find your new house, and have achieved pre-qualification. The first is that you will be sure the amount you can afford when determining the offer.
Even more important to the seller, your pre-qualification gives them certainty - as if you'd come to their home with a big box of cash to make the offer! They need not worry that that they are wasting their time if you can't be able to qualify for a high enough mortgage loan. The seller of the home won't wonder if he can trust you to qualify for your loan.Your qualifying for your needed loan amount won't be something for them to lose sleep over. They have a virtual guarantee to trust your buying power.
We help with your pre-qualification
Our mortgage professionals can help you find out the loan amount you can qualify for and the monthly payment amount you can afford by getting you pre-qualified. We do this by analyzing your income and debts, your employment and housing situations, the funds available for down payment, required reserves, and other financial considerations. We will require a minimum amount of paperwork, with a short, basic process.
Face to Face
You can certainly use the mortgage calculators on this website to get an idea of how much mortgage you will be able to afford - but it's also essential to talk with us. That way, we can help you get your pre-qualification letter. Next, we can consider your mortgage loan choices and be sure you have chosen the best one. We're eager to hear from you: contact us at 954.920.9799.
Have questions about pre-qualifying? Call us at 954.920.9799. First Southeast Mortgage Corporation answers pre-qualifying questions every day.