Why Pre-Qualification is Important
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Even if you haven't so much as narrowed down houses to view yet, it's advantageous to visit with your mortgage pro first. Why? Maybe it is difficult to fathom the ways in which we could help even before you begin to talk about prices and negotiations.
We Will Help You Pre-Qualify
We can help you find out how much of a loan you can qualify for and the monthly mortgage payment amount you are able to afford by helping you pre-qualify. In this process, we explore your capacity to borrow - analyzing your job, money available for down payment, debts, income, and other areas. It's a quick, thorough process with minimal risks for papercuts.
When you are determined to be eligible, we prove our confidence in your potential to qualify for a loan by awarding you a Pre-Qualification Letter (also known as a "pre-qual").
Holding your pre-qualification letter, a number of advantages are yours when you find the home you want to make an offer on. The first is that you'll be sure the amount you'll be able to afford when calculating your offer.
Even more important to the seller of the house, your pre-qualification letter gives them certainty - as if you had arrived at their house with a big box of cash to back up the offer! They need not be concerned that they have been wasting their time if you won't be able to have the ability to qualify for a high enough mortgage. The seller won't wonder if he can count on you to qualify for your loan.Your qualifying for your needed loan amount will not cause them concern. You have the ability to back your offer up.
We will help you with your pre-qualification
When we pre-qualify you, we help you figure out the amount you can afford in mortgage payments you can afford, and how much we of a loan you will qualify for. This process leads you through your current financial situation - your debt, income, employment, cash available for down payment, among other things. We as for a minimum amount of paperwork, with a quick process.
While you are encouraged to try our mortgage calculators on our site, it's essential to meet with one of our mortgage professional team members. We can begin working on your pre-qualification letter. Next, we can review your mortgage loan choices and make sure you have found the best one. Contact us at 954.920.9799 to get your pre-qualification process started.
Have questions about pre-qualifying? Call us at 954.920.9799. We answer pre-qualification questions every day.