Why Pre-Qualification is Important
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It is helpful to bring in your mortgage professional early — even before you've started to research neighborhoods. Why? It may be hard to understand how we could help even before you begin to talk about prices and negotiations.
We Can Help You Pre-Qualify
When we pre-qualify you, we help you figure out the amount in monthly payments you can afford, and how much we of a loan you can qualify for. We will accomplish this by reviewing your income and debts, your employment and housing circumstances, your available funds 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 after you qualify, which documents that we're confident you can qualify for up to a certain amount of mortgage loan dollars.
With your pre-qualification letter, a number of advantages are yours once you locate the home you want to put together an offer for. The first is that you can be sure what you will be able to afford when determining your offer.
Even more important to the seller of the home, your pre-qualification gives them confidence - as if you had arrived at their home with a suitcase of cash to make the offer! They need not be concerned that they're wasting their time if you will not be able to qualify for a big enough mortgage. The seller won't worry if he can trust you to qualify for your mortgage in the amount you will need.Your qualifying for your needed loan amount won't be something for them to be concerned about. You will have the clout of a buyer ready to make the purchase on the spot!
We will help you with your pre-qualification
When we pre-qualify you, we help you decide how much of a monthly mortgage payment you can afford, and the size of loan you will qualify for. We will achieve this by analyzing your income and debts, your employment and residence circumstances, the funds available for a down payment, required reserves, and some other things. We will require a minimum amount of paperwork, with a short, basic process.
Face to Face
You can always use the calculators available on this website to calculate how much mortgage you can afford - but it's also essential to talk with one of our mortgage professionals. That way, we'll be able to help you get your pre-qualification letter. Then, we can make sure we have selected the right mortgage program for you. Let us get you started: Contact us at (561) 392-0040.
Have questions about pre-qualifying? Call us at (561) 392-0040. It's our job to answer pre-qualification questions, so we're happy to help!