The Importance of Pre-Qualifying
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It's valuable to see a mortgage loan pro early, even before you have decided the sort of home to search for. What for? How can we help if you haven't negotiated an amount, and don't know yet how much you want to borrow?
Our mortgage professionals will help you calculate how much of a loan you can qualify for and the monthly mortgage payment amount you can afford by helping you pre-qualify. We accomplish this by considering your income and debts, your work and residence circumstances, the available funds for a down payment, required reserves, and some other things. We ask for a minimum amount of paperwork, and avoid a lengthy process.
We will award you a Pre-Qualification Letter once you qualify, which says that we're confident you will qualify for up to a certain amount of mortgage loan dollars.
Power in the Pre-Qual
Several benefits open to you after you have found your dream house, and have pre-qualification power. First, it helps you know the amount that you are able to offer. Even more important to the seller of the home, your pre-qualification letter gives them certainty - as if you had come into their house with a bag of cash to make the offer! They will not have to worry that they are 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 your needed mortgage loan amount will not cause them concern. You'll have the sway of a buyer ready to make the deal on the spot!
We will help you with your pre-qualification
We will help determine how much of a mortgage loan you can afford, and how much money you can borrow, by taking you through the pre-qualification process. During the process, we determine your ability to borrow - looking at your employment, money available for down payment, debts, income, and other areas. It's a quick, thorough process with minimal risks for papercuts.
Face to Face
You can certainly use the calculators available on our site to get an idea of how much mortgage you'll be able to afford - but it's also essential to meet with one of our mortgage professionals. For one thing, you will want a Pre-Qualification Letter! Then, we'll make sure we have found the best mortgage program for you. We are eager to hear from you: contact us at 214-663-5355.
Have questions about pre-qualifying? Call us at 214-663-5355. We answer pre-qualification questions every day.