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It is valuable to consult your mortgage loan professional early — even before you have started to consider neighborhoods. What for? What can we do for you before you have negotiated an amount, and do not know yet the amount you need to borrow?
We will help you find out how much of a loan you can qualify for and the mortgage payment amount you can afford by getting you pre-qualified. We do this by reviewing your debts and income, your work and residence situations, your available funds for down payment, required reserves, and other considerations. We will ask for a minimum amount of paperwork, and avoid a lengthy process.
We award you a Pre-Qualification Letter after you qualify, which says that we are confident you will qualify for up to a certain amount of mortgage loan dollars.
Power in the Pre-Qual
A number of beneifits open to you after you've found your new house, and have pre-qualification. First, you have some concrete numbers in mind, as the total you will qualify for with your mortgage.
More important to the home seller, your being pre-qualified is like your having entered their house with a bag full of money ready to purchase their home! They need not be concerned 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 can't trust you to qualify for your mortgage in the amount you will need.Your qualifying for the necessary mortgage loan amount will not be something for them to lose sleep over. You have the capability to back your offer up.
We will help you with your pre-qualification
When we pre-qualify you, we help you decide the amount you can afford in monthly payments you can fit in your budget, and how much we of a loan you will qualify for. The process outlines your finances - your debts, income, employment, down payment money, among other things. It is a quick, thorough process with minimal risks for papercuts.
Face to Face
You can always use the mortgage calculators on this website to get an idea of how much mortgage you can afford - but it's also important to meet with one of our mortgage professionals. We can work toward your pre-qualification letter. Next, we can consider your mortgage program options and be sure you have selected the right one. 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.