Why it's Important to Pre-Qualify
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Even if you have not researched houses to visit yet, it's valuable to contact your mortgage loan professional early. Why? How can we help you before you have negotiated a purchase amount, and do not know yet how much you want to borrow?
We Can Help You Pre-Qualify
When we pre-qualify you, we help you find out the amount in mortgage payments you can afford, and the loan amount you will qualify for. We can accomplish this by analyzing your debts and income, your employment and residence situations, your funds available for a down payment, required reserves, and some other things. It is a short, thorough process with minimal risks for papercuts.
We'll give you a Pre-Qualification Letter when you qualify, that documents that we're confident you'll qualify for a predetermined amount of mortgage loan dollars.
Power in the Pre-Qual
When you locate a house that is best for you, and you decide to put together an offer, being pre-qualified for a mortgage loan will do a couple of things. The first is that you will know what you can afford when calculating your offer.
Your pre-qualification can also make your offer more attractive to the seller, like you were bringing them a bag full of cash! They need not be concerned that they have been wasting their time if you do not have the ability to qualify for a high enough mortgage loan. The seller of the home won't worry if he can count on you to qualify for your loan.Your qualifying for the necessary loan amount will not cause them concern. They have a virtual guarantee that they can trust your ability to back up your offer.
We will help you pre-qualify
When we pre-qualify you, we help you figure out how much of a monthly mortgage payment you can fit in your budget, and the loan amount you will qualify for. This process outlines your finances - your debt, income, job, cash available for down payment, among other things. It's short and to the point; and we take pride in keeping the paperwork to a minimum.
One on one
You can always use the mortgage calculators here on our site to calculate how much mortgage you can afford - but it's also important to meet with us. For one thing, you will want a Pre-Qualification Letter! Next, we can review your loan options to make sure you are in the right one. Contact us at 214-865-7442 to get your pre-qualification process started.
Have questions about pre-qualifying? Call us at 214-865-7442. We answer pre-qualification questions every day.
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