Why it's Important to Pre-Qualify
In the market for a new mortgage loan? We will be glad to help! Call us at 9727982110. Want to get started? Apply Here.
Even if you haven't so much as narrowed down houses to view yet, it can be advantageous to contact your mortgage loan professional first. Why? How can we help you before you have negotiated a purchase amount, and don't yet know the amount you need to borrow?
We will help you calculate how much of a mortgage loan you can afford, and how much money you will be able to borrow, by taking you through the pre-qualification process. This process outlines your finances - your debts, income, job, and cash available for down payment, among other things. It's a short, thorough process with minimal risks for papercuts.
Once you are determined to be eligible, we document our confidence in your ability to qualify for a mortgage loan by presenting you with a Pre-Qualification Letter (also called a "pre-qual").
Several advantages open to you when you find your dream house, and have pre-qualification power. First, you have some concrete numbers in mind, as the amount you will qualify for on your mortgage.
Of greater importance to the home seller, your being pre-qualified is like your having entered their house with a suitcase full of cash to purchase their home! They need not be concerned that they are wasting their time if you don't be able to qualify for a big enough mortgage. The seller of the home won't wonder if he can trust you to qualify for your loan.Your qualifying for your needed mortgage loan amount will not be something for them to be concerned about. You have the capability to back your offer up.
We can help you pre-qualify
We 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. The process takes you through your financial situation - your debts, income, job, down payment money, among other things. We will ask for a minimum amount of paperwork, with a quick process.
One on one
You can always use the calculators on this website to calculate how much mortgage you'll be able to afford - but it's also valuable to talk with us. That way, we'll help you get your pre-qualification letter. Next, we can study your loan choices to make sure you are in the right one. Let us get you started: Contact us at 9727982110.
Have questions about pre-qualifying? Call us at 9727982110. We answer pre-qualification questions every day.