When to Talk to a Mortgage Pro
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It can be helpful to see a mortgage professional early, even if you haven't settled on the sort of home you hope to find. Why? Perhaps it is hard to fathom how we could help even before you begin to talk about prices and negotiations.
We will help you calculate how much of a mortgage you can afford, and how much money you will be able to borrow, by taking you through pre-qualifying. During this process, we look at your borrowing power - analyzing your employment, available money for down payment, existing debt, income, and other circumstances. We require a minimum amount of paperwork, with a quick process.
Once you are determined to be eligible, we document our confidence in your potential to qualify for a loan by giving you a Pre-Qualification Letter (also called a "pre-qual").
Power in the Pre-Qual
With your pre-qualification letter, some advantages fall at your feet when you locate the home you want to make an offer on. First of all, you have some general numbers in mind, as the amount you will qualify for on your mortgage loan.
More important to the home seller, your being pre-qualified is like your having walked into their house with a suitcase full of cash to make the deal! They will not need to be concerned that they're wasting their time if you will not be able to qualify for a high enough mortgage loan. The seller of the home won't be concerned that he can't count on you to qualify for your loan.Your qualifying for your needed loan amount won't cause them concern. You'll have the clout of a buyer ready to make the deal right now!
We will help you pre-qualify
Our mortgage professionals will help you calculate how much of a loan you can qualify for and the mortgage payment amount you are able to afford by helping you pre-qualify. During this process, we determine your ability to borrow - reviewing your employment, money available for down payment, existing debt, income, and other circumstances. It's short and to the point; and we take pride in keeping the paperwork to a minimum.
It is important for you to sit down and meet with us, even though you are welcome to also try the helpful mortgage calculators on our website. We can begin working on your pre-qualification letter. Next, we can review your mortgage options and be sure you are in the right one. Let us help you get started: Contact us at (888) 299-4585.
Have questions about pre-qualifying? Call us at (888) 299-4585. It's our job to answer pre-qualification questions, so we're happy to help!