Why Pre-Qualification is Important
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It is important to bring in your mortgage loan professional early — even before you've begun narrowing down neighborhoods. What for? Perhaps it's hard to fathom the way we can help even before you start to calculate your offer.
We will help determine how much of a mortgage loan you can afford, and the amount of money you can borrow, by taking you through pre-qualifying. The process leads you through your finances - your debt, income, career, and down payment money, among other things. It is a quick, thorough process with minimal risks for papercuts.
We give you a Pre-Qualification Letter after you qualify, which documents that we are confident you will qualify for a specific amount of mortgage dollars.
After you locate a house that catches your eye, and you want to put together an offer, being pre-qualified for a loan will do several things. First, you have some definite numbers in mind, as the amount you can borrow.
More important to the home seller, your being pre-qualified is like your having entered their house with a bag full of cash ready to make the deal! They won't have to be concerned they're wasting their time if you don't be able 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 the necessary loan amount will not be something for them to be concerned about. You will have the sway of a buyer ready to make the purchase right now!
We help with your pre-qualification
We can help you see how much of a mortgage loan you can afford, and how much money you can borrow, by walking you through the pre-qualification process. We will achieve this by reviewing your debts and income, your employment and housing situations, the available funds for a down payment, required reserves, and some other things. It's a quick, thorough process with minimal risks for papercuts.
One on one
It is important to sit down and talk with us, even though you are welcome to also use the helpful mortgage loan calculator tools on this site. That way, we'll help you get your pre-qualification letter. Then, we can make sure we have found the right mortgage program for you. Contact us at 954.920.9799 to get started.
Have questions about pre-qualifying? Call us at 954.920.9799. First Southeast Mortgage Corporation answers pre-qualifying questions every day.