Shopping for a mortgage? We will be glad to help! Call us at 972.798.2110. Ready to get started? Apply Now.
Even if you've not so much as researched homes to visit yet, it is advantageous to see your mortgage professional early. Why? What can we do for you if you have not made your offer, and don't yet know how much you want to borrow?
We Will Help You Pre-Qualify
We can help you find out the loan amount you can qualify for and the monthly payment amount you are able to afford by helping you pre-qualify. During the process, we calculate your borrowing power - reviewing your job, available money for down payment, debt, income, and other areas. It's a quick, thorough process with minimal risks for papercuts.
When you are considered eligible, we prove our confidence in your capacity to qualify for a mortgage loan by giving you a Pre-Qualification Letter (also known as a "pre-qual").
Various advantages open to you once you have found your new house, and have pre-qualification. First of all, you have some general numbers in mind, as the total you will be able to borrow.
Even more important to the existing owner, your pre-qualification letter gives them confidence - as if you had come into their house with a bag of cash to back up the offer! They need not worry that that they are wasting their time if you will not have the ability to qualify for a high enough mortgage. The seller of the home won't be concerned that he can't count on you to qualify for your mortgage in the amount you will need.Your qualifying for your needed mortgage loan amount won't cause them concern. You have the ability to back up your offer.
We will help you pre-qualify
We can 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. This process outlines your finances - your debt, income, career, cash available for down payment, among other things. It's quick and basic; and we keep the paperwork light.
One on one
It is important for you to sit down and meet with us, even though you are free to also use the helpful mortgage loan calculators on this website. That way, we will help you get your pre-qualification letter. For another thing, we may be able to find a different mortgage program that better fits your needs. Contact us at 972.798.2110 to get started.
Have questions about pre-qualifying? Call us at 972.798.2110. Homewithloan.com answers pre-qualifying questions every day.