Why Pre-Qualification is Important
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Even if you've not so much as researched homes to visit yet, it's advantageous to see your mortgage pro first. Why? What can we do for you if you have not made an offer, and don't know yet how much you need to borrow?
We Will Help You Pre-Qualify
When we pre-qualify you, we help you decide how much of a monthly payment you can fit in your budget, and the loan amount you will qualify for. We accomplish this by analyzing your income and debts, your employment and residence circumstances, your funds available for a down payment, required reserves, and some other things. It's quick and basic; We keep the paperwork light.
After you qualify, will present to you a Pre-Qualification Letter (your real estate agent may call it a "pre-qual"), which states that we are partnering with you to find the ideal mortgage loan program to meet your needs and that we're confident you'll qualify for a loan for up to a specific amount.
Several beneifits open to you after you find your new house, and have pre-qualification power. First, it helps you know the amount that you are able to offer.
More important to the current home owner, your pre-qualification is like your having entered their house with a bag full of money ready to make the deal! They won't need to worry that that they are wasting their time if you won't be able to have the ability to qualify for a high enough mortgage loan. The seller won't worry if he can count on you to qualify for your loan.Your qualifying for your needed loan amount will not be something for them to fret over. You can have the sway of a buyer ready to make the deal right now!
We will help you with your pre-qualification
When we pre-qualify you, we help you determine how much of a monthly mortgage payment you can afford, and how much we of a loan you can qualify for. We will achieve this by considering your debts and income, your employment and housing situations, the available funds for a down payment, required reserves, and some other things. We require a minimum amount of paperwork, and avoid a lengthy process.
It is important for you to sit down and talk with us, even though you are free to also try the helpful mortgage calculators on our site. For one thing, you'll want a Pre-Qualification Letter! Next, we can consider your mortgage choices and be sure you have selected 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. It's our job to answer pre-qualification questions, so we're happy to help!