The Importance of Pre-Qualification


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Even if you haven't so much as narrowed down houses to visit yet, it is valuable to see your mortgage pro first. Why? Perhaps it's hard to fathom how we could help even before you begin to calculate your offer.

Pre-Qualify

We can help you calculate how much of a mortgage you can afford, and the amount of money you can borrow, by walking you through the pre-qualification process. This process outlines your current financial situation - your debts, income, employment, and down payment money, among other things. We will ask for a minimum amount of paperwork, with a quick process.

At the point you are determined to be eligible, we document our confidence in your capacity to qualify for a mortgage by giving you a Pre-Qualification Letter (also known as a "pre-qual").

Power in the Pre-Qual

After you locate a house that is best for you, and you want to put together an offer, being pre-qualified for a mortgage loan will do several things. The first is that you'll be sure what you can afford when putting together the offer. Being pre-qualified can also make your offer look even better to the home seller, like you were bringing them a big box of cash! They will not need to worry that they're wasting their time if you can't 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 loan.Your qualifying for the necessary loan amount will not be something for them to fret over. They have a virtual guarantee to trust your ability to back up your offer.

We will help you with your pre-qualification

When we pre-qualify you, we help you find out the amount you can afford in monthly payments you can afford, and how much we of a loan you can qualify for. We can accomplish this by reviewing your income and debts, your employment and housing circumstances, your funds available for a down payment, required reserves, and some other things. It's short and basic; and we take pride in keeping the paperwork light.

One-on-One

While you are able to use our tools to calculate mortgage variables on this site, it's a good idea to meet with us. For one thing, you will need a Pre-Qualification Letter! Next, we can review your mortgage loan options to make sure you are in the best one. We're eager to hear from you: call us at 5613734149.