Why it's Important to Pre-Qualify
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It is important to bring in your mortgage professional early — even before you've started to consider neighborhoods. What for? How can we help you before you have negotiated a price, and do not know yet the amount you need to borrow?
We can help you calculate the loan amount you can qualify for and the monthly mortgage payment amount you can afford by getting you pre-qualified. We will achieve this by reviewing your income and debts, your employment and residence situations, the available funds for a down payment, required reserves, and some other things. It's short and to the point; We take pride in keeping the paperwork to a minimum.
We give you a Pre-Qualification Letter after you qualify, that says that we're confident you can qualify for a predetermined amount of mortgage dollars.
Several beneifits open to you after you've found your dream house, and have achieved pre-qualification power. The first is that you can know the amount you will be able to afford when determining the offer.
Being pre-qualified will also make your offer look even better to the home seller, like you were bringing them a bag full of cash! They won't need to be concerned that they're wasting their time if you won't be able to be able to qualify for a high enough mortgage. The seller of the home won't be concerned that he can't trust you to qualify for your mortgage in the amount you will need.Your qualifying for your needed mortgage loan amount won't cause them concern. You have the capability to back your offer up.
We can help you pre-qualify
When we pre-qualify you, we help you decide how much of a monthly mortgage payment you can fit in your budget, and the size of loan you will qualify for. During this process, we look at your borrowing potential - looking at your job, money available for down payment, debt, income, and other circumstances. It's short and to the point; and we keep the paperwork to a minimum.
While you are encouraged to use our tools to calculate mortgage variables on this site, it's essential to sit down and talk with one of our mortgage professional team members. For one thing, you will want a Pre-Qualification Letter! For another thing, we might find a different mortgage program that is a better fit for you. Contact us at 954.920.9799 to get started.
Have questions about pre-qualifying? Call us at 954.920.9799. It's our job to answer pre-qualification questions, so we're happy to help!