Why it's Important to Pre-Qualify
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Even if you haven't narrowed down houses to view yet, it's advantageous to contact your mortgage loan professional first. What for? When you don't know yet how much house you need to qualify for, how can we help?
When we pre-qualify you, we help you figure out how much of a monthly mortgage payment you can afford, and the size of loan you will qualify for. In the process, we explore your capacity to borrow - analyzing your earning status, available money for down payment, existing debt, income, and other areas. It's a short, thorough process with minimal risks for papercuts.
Once you are determined to be eligible, we prove our confidence in your ability to qualify for a mortgage loan by awarding you a Pre-Qualification Letter (also called a "pre-qual").
Once you locate a house that is right for you, and you decide to put together an offer, being pre-qualified for a loan will do several things. First, you have some definite numbers in mind, as the total you will be able to borrow.
More important to the existing home owner, your being pre-qualified is like your having entered their front door with a suitcase full of cash ready to purchase their house! They won't need to worry that that they have been wasting their time if you do not have the ability to qualify for a high enough mortgage loan. The seller won't be concerned that he won't be able to count on you to qualify for your mortgage in the amount you will need.Your qualifying for the necessary loan amount will not be something for them to fret over. You have the capability to back up your offer.
We help with your pre-qualification
We can help you see how much of a mortgage loan you can afford, and the amount of money you can borrow, by walking you through pre-qualifying. During this process, we determine your capacity to borrow - reviewing your employment, money available for down payment, debt, income, and other circumstances. It's quick and to the point; and we take pride in keeping the paperwork light.
Face to Face
While you are able to try our mortgage calculators on this website, it's a good idea to meet with one of our mortgage professional team members. That way, we'll help you get your pre-qualification letter. Then, we will make sure we have the right mortgage program for you. Let us get you started: Contact us at 9724662551.
Have questions about pre-qualifying? Call us at 9724662551. It's our job to answer pre-qualification questions, so we're happy to help!