When to Talk to a Mortgage Pro About Pre-Qualification

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It is valuable to see a mortgage professional early, even before you have determined the sort of home you hope to find. Why? What can we do for you if you have not negotiated an amount, and don't yet know how much you need to borrow?

We Can Help You Pre-Qualify

When we pre-qualify you, we help you find out how much of a monthly payment you can afford, and how much we of a loan you will qualify for. We can achieve this by reviewing your income and debts, your employment and housing circumstances, the available funds for a down payment, required reserves, and some other things. We will ask for a minimum amount of paperwork, and avoid a lengthy process.

Once you are determined to be eligible, we will prove our confidence in your potential to qualify for a mortgage by presenting you with a Pre-Qualification Letter (also known as a "pre-qual").

Pre-Qual Power

Armed with your pre-qualification letter, a number of advantages fall at your feet once you locate the home you want to make an offer on. The first is that you'll be sure the amount you can afford when calculating the offer. Even more important to the current owner, your pre-qualification gives them certainty - as if you had come into their house with a big box of cash to back up the offer! They will not need to be concerned they're wasting their time if you can't be able to qualify for a big enough mortgage loan. The seller won't worry if he can trust you to qualify for your loan.Your qualifying for your needed mortgage loan amount won't be something for them to be concerned about. You have the ability to back up your offer.

We will help you with your pre-qualification

When we pre-qualify you, we help you figure out how much of a monthly payment you can fit in your budget, and the loan amount you can qualify for. We do this by reviewing your debts and income, your employment and housing circumstances, the funds available for down payment, required reserves, and other considerations. It's short and to the point; and we keep the paperwork to a minimum.

One-on-One

While you can benefit from our mortgage calculators on our website, it will be a good idea to meet with one of our mortgage professional team members. That way, we will be able to help you get your pre-qualification letter. For another thing, we may find a different mortgage choice that fits your goals better. We're waiting to hear from you: contact us at 4357556622.

Have questions about pre-qualifying? Call us at 4357556622. CHASE MORTGAGE, Inc. #317430 answers pre-qualifying questions every day.