Why Pre-Qualification is Important
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Even if you've not so much as researched homes to visit yet, it can be advantageous to contact your mortgage loan professional early. What for? What can we do for you if you have not negotiated a purchase amount, and do not know yet how much you want to borrow?
We Will Help You Pre-Qualify
We will help you see how much of a mortgage you can afford, and the amount of money you may be able to borrow, by taking you through the pre-qualification process. The process takes you through your finances - your debts, income, employment, and down payment money, among other things. It's quick and basic; We keep the paperwork light.
We will give you a Pre-Qualification Letter once you qualify, that documents that we are confident you will qualify for a certain amount of mortgage dollars.
After you locate a house that is best for you, and you want to make an offer, being pre-qualified for a mortgage will do a couple of things. First of all, you have some concrete numbers in mind, as the total you will qualify for on your mortgage loan.
More important to the seller, your being pre-qualified is like your having walked into their front door with a bag full of cash ready to make the deal! They need not be concerned that they are wasting their time if you will not have the ability to qualify for a big enough mortgage loan. The seller of the home won't wonder if he can count on you to qualify for your mortgage in the amount you'll need.Your qualifying for your needed loan amount will not be something for them to fret over. You can have the sway of a buyer ready to make the deal right now!
We will help you pre-qualify
We can help you determine the loan amount you can qualify for and the mortgage payment amount you can afford by helping you pre-qualify. During this process, we determine your borrowing potential - looking at your employment, money available for down payment, debt, income, and other areas. It's a short, thorough process with minimal risks for papercuts.
One on one
You can always use the calculators here on this website to get an idea of how much mortgage you can afford - but it's also essential to meet with us. For one thing, you'll want a Pre-Qualification Letter! Next, we can study your mortgage options and be sure you have chosen the best one. We are waiting to hear from you: call us at 972.798.2110.
Have questions about pre-qualifying? Call us at 972.798.2110. Homewithloan.com answers pre-qualifying questions every day.