Why it's Important to Pre-Qualify
In the market for a new mortgage loan? We'll be glad to talk about our mortgage offerings! Call us at 954.920.9799. Ready to begin? Apply Here.
Even if you have not researched houses to view yet, it's advantageous to visit with your mortgage professional first. Why? What can we do for you if you haven't negotiated a price, and do not know yet the amount you want to borrow?
We can help you see how much of a mortgage loan you can afford, and how much money you can borrow, by taking you through pre-qualifying. The process leads you through your current financial situation - your debts, income, career, and cash available for down payment, among other things. It's short and basic; We take pride in keeping the paperwork to a minimum.
At the point you are considered eligible, we document our confidence in your potential to qualify for a loan by giving you a Pre-Qualification Letter (also called a "pre-qual").
After you locate the house that meets your needs, and you decide to put together an offer, being pre-qualified for a mortgage loan will do a number of things. First, it lets you know the amount that you're able to offer.
Of greater importance to the seller, your pre-qualification is like your having walked into their house with a suitcase full of cash ready to purchase the house! They need not wonder if that they are wasting their time if you won't be able to be able to qualify for a high enough mortgage loan. The seller won't be concerned that he can't count on you to qualify for your loan.Your qualifying for the necessary loan amount won't cause them concern. They have a virtual guarantee that they can trust your ability to back up your offer.
We will help you with your pre-qualification
Our mortgage professionals can help you find out how much of a loan you can qualify for and the monthly payment amount you can afford by getting you pre-qualified. We accomplish this by considering your debts and income, your employment and residence situations, your available funds for down payment, required reserves, and some other things. It is a short, thorough process with minimal risks for papercuts.
One on one
While you can benefit from our tools to calculate mortgage variables on this website, it's essential to sit down and talk with us. That way, we will help you get your pre-qualification letter. Then, we'll make sure we have selected the best mortgage program for your situation. 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.