In the market for a mortgage loan? We can assist you! Give us a call today at (800) 974-0509. Ready to begin? Apply Online Now.
It is important to visit with a mortgage loan pro early, even before you have determined what sort of house to search for. Why? Perhaps it's hard to understand the ways we could help even before you start to talk about prices and negotiations.
We Can Help You Pre-Qualify
We will help you see how much of a mortgage you can afford, and the amount of money you will be able to borrow, by taking you through pre-qualifying. We can accomplish this by reviewing your income and debts, your work and housing circumstances, the funds available for a down payment, required reserves, and some other things. We will ask for a minimum amount of paperwork, with a short,basic process.
After you are considered eligible, we document our confidence in your potential to qualify for a mortgage loan by presenting you with a Pre-Qualification Letter (also known as a "pre-qual").
Once you find a house that catches your eye, and you want to make an offer, being pre-qualified for a loan will do a number of things. First, you have some general numbers in mind, as the total you will be able to borrow.
Having pre-qualification will also make your offer look even better to the home seller, like you were bringing them a suitcase full of cash! They will not need to be concerned they're wasting their time if you don't be able to qualify for a high enough mortgage loan. The seller of the home 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 be concerned about. You can have the sway of a buyer ready to make the deal right now!
We help with your pre-qualification
When we pre-qualify you, we help you decide how much of a monthly mortgage payment you can afford, and the size of loan you will qualify for. During the process, we explore your capacity to borrow - looking at your employment, available money for down payment, debts, income, and other areas. We as for a minimum amount of paperwork, and avoid a lengthy process.
Face to Face
While you can try our mortgage calculators on our website, it is essential to sit down and talk with one of our mortgage professional team members. For one thing, you'll need a Pre-Qualification Letter! Then, we will make sure we have found the ideal mortgage loan program for you. Contact us at (800) 974-0509 to get your pre-qualification process started.
Have questions about pre-qualifying? Call us at (800) 974-0509. Savers Home Loans answers pre-qualifying questions every day.