Why Pre-Qualification is Important
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Even if you've not narrowed down houses to view yet, it's valuable to see your mortgage loan professional first. What for? It might be hard to understand the ways we could help even before you begin to calculate your offer.
We will help you see how much of a mortgage loan you can afford, and how much money you can borrow, by taking you through the pre-qualification process. In this process, we look at your ability to borrow - reviewing your employment, available money for down payment, debts, income, and other areas. It's quick and to the point; We take pride in keeping the paperwork light.
When you are considered eligible, we prove our confidence in your ability to qualify for a loan by presenting you with a Pre-Qualification Letter (also known as a "pre-qual").
Power in the Pre-Qual
A number of advantages open to you when you've found your next house, and have pre-qualification power. The first is that you'll be sure what you'll be able to afford when putting together the offer.
Even more important to the present owner, your pre-qualification letter gives them certainty - as if you'd come to their house with a big box of cash to make the offer! They won't have to be concerned they're wasting their time if you don't have the ability to qualify for a high enough mortgage. The seller won't be concerned that he can't count on you to qualify for your loan.Your qualifying for the necessary mortgage loan amount will not cause them concern. You have the clout of a buyer ready to make the deal on the spot!
We will help you pre-qualify
When we pre-qualify you, we help you decide the amount you can afford in monthly mortgage payments you can fit in your budget, and the size of loan you can qualify for. The process takes you through your finances - your debts, income, job, cash available for down payment, among other things. It's quick and to the point; and we keep the paperwork to a minimum.
Face to Face
You can always use the mortgage calculators available on our site to get an idea of how much mortgage you can afford - but it's also valuable to talk with one of our mortgage professionals. That way, we can help you get your pre-qualification letter. Next, we can consider your mortgage program options and make sure you are in the right one. We are waiting to meet with you: contact us at 435-755-6622.
Have questions about pre-qualifying? Call us at 435-755-6622. CHASE MORTGAGE INC #317430 answers pre-qualifying questions every day.