The Importance of Pre-Qualifying
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It's important to consult your mortgage loan professional as soon as possible — even before you've begun researching neighborhoods. Why? Maybe it is hard to fathom how we could help even before you begin to negotiate.
We Can Help You Pre-Qualify
Our mortgage professionals can help you calculate the loan amount you can qualify for and the monthly mortgage payment amount you are able to afford by getting you pre-qualified. The process outlines your finances - your debt, income, career, and down payment money, among other things. It's quick and basic; We keep the paperwork to a minimum.
When you qualify, will present to you what's called a Pre-Qualification Letter (your real estate agent may call it a "pre-qual"), which documents the fact that we are working with you to find the ideal loan program to meet your situation and that we're confident you'll qualify for a mortgage loan for up to a certain amount.
Various beneifits open to you after you've found your next house, and have pre-qualification. First, it helps you know the amount that you're able to offer.
Even more important to the seller of the house, your pre-qualification gives them certainty - as if you had entered their home with a bag of cash to make the offer! They won't need to worry that they're wasting their time if you won't be able to have the ability to qualify for a high enough mortgage. The seller won't worry if he can count on you to qualify for your loan.Your qualifying for the necessary mortgage loan amount won't be something for them to lose sleep over. You'll have the clout of a buyer ready to make the purchase right now!
We will help you with your pre-qualification
When we pre-qualify you, we help you figure out how much of a monthly mortgage payment you can fit in your budget, and how much we of a loan you can qualify for. We accomplish this by considering your debts and income, your work and residence situations, the available funds for down payment, required reserves, and some other things. It is a quick, thorough process with minimal risks for papercuts.
You can always use the calculators here on this website to calculate how much mortgage you will be able to afford - but it's also important to meet with us. We can walk you through your pre-qualification letter. Next, we can review your mortgage program options and be sure you are in the right one. Contact us at (800) 974-0509 to get your pre-qualification process started.
Have questions about pre-qualifying? Call us at (800) 974-0509. We answer pre-qualification questions every day.