Why it's Important to Pre-Qualify
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It is important to bring in your mortgage loan professional early — even before you have started researching neighborhoods. Why? It might be hard to understand the ways in which we can help even before you start to talk about prices and negotiations.
We Can Help You Pre-Qualify
When we pre-qualify you, we help you determine how much of a monthly payment you can afford, and how much we of a loan you can qualify for. In this process, we explore your borrowing capacity - analyzing your employment, available money for down payment, debts, income, and other areas. It's a quick, thorough process with minimal risks for papercuts.
We give you a Pre-Qualification Letter when you qualify, that says that we're confident you can qualify for a predetermined amount of mortgage loan dollars.
Power in the Pre-Qual
Armed with your pre-qualification letter, some advantages fall at your feet at the point you locate the home you want to make an offer for. First of all, you have some concrete numbers in mind, as the amount you will qualify for with your loan. More important to the seller, your pre-qualification is like your having entered their front door with a suitcase full of money ready to purchase their home! They will not need to be concerned they have been wasting their time if you can't have the ability to qualify for a high enough mortgage loan. The seller of the home won't be concerned that he can't count on you to qualify for your mortgage in the amount you will need.Your qualifying for your needed mortgage loan amount will not cause them concern. They have a virtual guarantee that they can trust your buying power.
We will help you pre-qualify
Our mortgage professionals will help you determine how much of a loan you can qualify for and the monthly payment amount you can afford by getting you pre-qualified. We can accomplish this by reviewing your debts and income, your work and residence situations, the available funds for down payment, required reserves, and some other things. It's quick and to the point; and we take pride in keeping the paperwork light.
One on one
You can always use the mortgage calculators here on this website to calculate how much mortgage you'll be able to afford - but it's also valuable to meet with one of our mortgage professionals. For one thing, you will need a Pre-Qualification Letter! Next, we can study your loan choices and make sure you have selected the best one. Let us get you started: Call us at 435-755-6622.