Why it's Important to Pre-Qualify

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It is valuable to bring in your mortgage loan professional as soon as possible — even before you have started narrowing down neighborhoods. What for? How can we help before you have negotiated a purchase amount, and do not yet know the amount you need to borrow?

Pre-Qualify

When we pre-qualify you, we help you find out how much of a monthly payment you can fit in your budget, and the loan amount you will qualify for. In this process, we look at your capacity to borrow - reviewing your employment, money available for down payment, debt, income, and other circumstances. It's quick and basic; We keep the paperwork light.

After you qualify, will give you what's called a Pre-Qualification Letter (your real estate agent might call it a "pre-qual"), that documents the fact that we are partnering with you to find the best mortgage to meet your needs and that we are confident you'll qualify for a mortgage loan up to a specific amount.

Power in the Pre-Qual

A number of beneifits open to you when you have found your new house, and have achieved pre-qualification. The first is that you'll be sure the amount you can afford when determining your offer. More important to the current home owner, your pre-qualification is like your having walked into their house with a bag full of money ready to purchase the home! They will not need to wonder if they're wasting their time if you can't have the ability to qualify for a big enough mortgage. The seller of the home won't be concerned that he can't count on you to qualify for your loan.Your qualifying for the necessary loan amount will not cause them concern. You have the ability to back up your offer.

We help with your pre-qualification

We will help you calculate how much of a mortgage loan you can afford, and the amount of money you may be able to borrow, by taking you through the pre-qualification process. We do this by reviewing your debts and income, your work and housing circumstances, the available funds for a down payment, required reserves, and other considerations. We require a minimum amount of paperwork, with a short, basic process.

One-on-One

It's vital for you to sit down and talk with us, even though you are free to also use the helpful mortgage loan calculator tools on our website. For one thing, you'll want a Pre-Qualification Letter! Then, we'll make sure we have found the best mortgage program for you. We are eager to hear from you: contact us at 4357556622.

Have questions about pre-qualifying? Call us at 4357556622. It's our job to answer pre-qualification questions, so we're happy to help!