The Importance of Pre-Qualification
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It is helpful to visit with a mortgage professional early, even before you've determined the sort of house to search for. Why? Maybe it is difficult to fathom the way we could help even before you start to negotiate.
We will help you calculate how much of a loan you can qualify for and the monthly payment amount you are able to afford by getting you pre-qualified. This process takes you through your financial situation - your debts, income, employment, and down payment money, among other things. It's a quick, thorough process with minimal risks for papercuts.
We'll give you a Pre-Qualification Letter if you qualify, that says that we are confident you'll qualify for up to a certain amount of mortgage dollars.
Power in the Pre-Qual
With your pre-qualification letter, several advantages fall at your feet once you find the house you want to make an offer on. The first is that you can be sure what you can afford when putting together the offer.
Your pre-qualification also will make your offer more attractive to the seller, like you were bringing them a bag full of cash! They won't have to worry that that they are wasting their time if you don't have the ability to qualify for a big enough mortgage. The seller won't be concerned that he can't trust you to qualify for your mortgage in the amount you'll need.Your qualifying for your needed mortgage loan amount will not cause them concern. You have the ability to back up your offer.
We will help you with your pre-qualification
We can help you calculate how much of a loan you can qualify for and the monthly mortgage payment amount you can afford by getting you pre-qualified. This process outlines your current financial situation - your debt, income, career, down payment money, among other things. It's short and basic; and we keep the paperwork to a minimum.
You can always use the mortgage calculators on this website to calculate how much mortgage you'll be able to afford - but it's also valuable to talk with us. We can begin getting your pre-qualification letter. For another thing, we may locate a different mortgage option that fits your needs better. We're eager to hear from you: call us at 435-755-6622.
Have questions about pre-qualifying? Call us at 435-755-6622. Chase Mortgage answers pre-qualifying questions every day.