Why it's Important to Pre-Qualify
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It is important to see a mortgage loan pro first, even before you have decided the sort of home you hope to find. Why? If you do not know yet how much house you need to qualify for, what could we help you with?
We Can Help You Pre-Qualify
We can help you determine the loan amount you can qualify for and the monthly mortgage payment amount you can afford by helping you pre-qualify. In this process, we determine your borrowing capacity - analyzing your job, money available for down payment, debts, income, and other areas. It's quick and to the point; We take pride in keeping the paperwork light.
We give you a Pre-Qualification Letter once you qualify, that documents that we're confident you will qualify for up to a certain amount of mortgage loan dollars.
After you locate a house that meets your needs, and you want to put together an offer, being pre-qualified for a mortgage will do several things. First, you have some definite numbers in mind, as the amount you can borrow.
Having pre-qualification will also make your offer look even better to the home seller, like you were bringing them a bag full of cash! They won't have to worry that that they're 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 loan.Your qualifying for your needed mortgage loan amount will not cause them concern. They have a virtual guarantee to trust your buying power.
We will help you with your pre-qualification
Our mortgage professionals can help you find out how much of a loan you can qualify for and the monthly mortgage payment amount you can afford by getting you pre-qualified. This process outlines your current financial situation - your debt, income, job, down payment money, among other things. It's short and to the point; and we keep the paperwork light.
You can certainly use the calculators on this website to calculate how much mortgage you can afford - but it's also essential to talk with us. We can work toward your pre-qualification letter. Then, we'll make sure we have the right mortgage program for you. Let us get you started: Call us at (800) 974-0509.
Have questions about pre-qualifying? Call us at (800) 974-0509. Savers Home Loans answers pre-qualifying questions every day.