Why Pre-Qualification is Important
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It can be valuable to visit with a mortgage loan pro early, even before you have determined the sort of home you hope to find. What for? What can we do for you before you have made an offer, and don't know yet the amount you need to borrow?
We Can Help You Pre-Qualify
We can help you calculate the loan amount you can qualify for and the mortgage payment amount you can afford by getting you pre-qualified. We achieve this by analyzing your income and debts, your work and housing situations, the funds available for down payment, required reserves, and some other things. It is a short, thorough process with minimal risks for papercuts.
After you qualify, we give you a Pre-Qualification Letter (your real estate agent might refer to it as a "pre-qual"), which states that we are helping you to find the ideal mortgage loan to meet your financial needs and that we're confident you'll qualify for a mortgage loan for a specific amount.
When you locate the house that is right for you, and you want to make an offer, being pre-qualified for a loan will do a couple of things. The first is that you'll be sure the amount you'll be able to afford when determining the offer.
Even more important to the seller of the house, your pre-qualification status gives them certainty - as if you had entered their home with a suitcase of cash to back up the offer! They will not need to worry that they are wasting their time if you will not have the ability to qualify for a big enough mortgage loan. The seller won't wonder if he can trust you to qualify for your loan.Your qualifying for the necessary loan amount will not be something for them to worry about. They have a virtual guarantee that they can trust your buying power.
We can help you pre-qualify
Our mortgage professionals can help you find out how much of a loan you can qualify for and the mortgage payment amount you can afford by helping you pre-qualify. We accomplish this by analyzing your debts and income, your work and housing situations, the funds available for down payment, required reserves, and some other things. It's short and to the point; and we take pride in keeping the paperwork light.
Face to Face
While you are able to benefit from our tools to calculate mortgage variables on our site, it's essential to meet with us. For one thing, you will want a Pre-Qualification Letter! Then, we'll make sure we have chosen the best mortgage loan program for you. Contact us at (800) 974-0509 to get started.
Have questions about pre-qualifying? Call us at (800) 974-0509. Savers Home Loans answers pre-qualifying questions every day.