The Importance of Pre-Qualification
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It's important to consult your mortgage professional early — even before you've started researching neighborhoods. Why? How can we help before you have negotiated an amount, and do not yet know the amount you need to borrow?
We will help you calculate the loan amount you can qualify for and the monthly mortgage payment amount you can afford by helping you pre-qualify. We will achieve this by reviewing your income and debts, your employment and housing circumstances, your available funds for down payment, required reserves, and some other things. It is a quick, thorough process with minimal risks for papercuts.
We'll award you a Pre-Qualification Letter once you qualify, which documents that we're confident you'll qualify for up to a certain amount of mortgage dollars.
Some benefits open to you when you find your dream house, and have achieved pre-qualification power. First, it lets you know how much you can offer. More important to the existing home owner, your pre-qualification is like your having entered their house with a bag full of cash to purchase the home! They won't need to worry that they have been wasting their time if you will not be able to qualify for a big enough mortgage loan. The seller won't wonder if he can count on you to qualify for your mortgage in the amount you'll need.Your qualifying for your needed mortgage loan amount won't be something for them to worry about. You have the ability to back up your offer.
We can help you pre-qualify
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 can qualify for. During the process, we calculate your borrowing potential - analyzing your job, money available for down payment, debts, income, and other areas. It's short and basic; and we keep the paperwork to a minimum.
Face to Face
It's vital for you to sit down and talk with us, even though you are free to also utilize the helpful mortgage calculators on our website. We can walk you through your pre-qualification letter. Then, we will make sure we have selected the ideal mortgage loan program for you. Let us help you get started: Contact us at 561.775.2724.
Have questions about pre-qualifying? Call us at 561.775.2724. It's our job to answer pre-qualification questions, so we're happy to help!