The Importance of Pre-Qualification
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It is important to visit with a mortgage professional early, even before you've decided what sort of house you hope to find. What for? Maybe it is difficult to understand the ways in which we could help even before you begin to calculate your offer.
We Can Help You Pre-Qualify
When we pre-qualify you, we help you determine the amount in mortgage payments you can fit in your budget, and how much we of a loan you will qualify for. We do this by reviewing your debts and income, your employment and residence situations, the funds available for down payment, required reserves, and other financial considerations. We will require a minimum amount of paperwork, with a quick process.
We will award you a Pre-Qualification Letter when you qualify, that states that we are confident you can qualify for a specific amount of mortgage dollars.
Power in the Pre-Qual
With your pre-qualification letter, a number of advantages are yours at the point you locate the house you want to put together an offer for. First, it helps you know how much you can offer.
Of greater importance to the existing home owner, your being pre-qualified is like your having entered their house with a bag full of money to make the deal! They will not need to be concerned they're wasting their time if you won't be able to have the ability to qualify for a high enough mortgage loan. The seller won't be concerned that he won't be able to count on you to qualify for your loan.Your qualifying for your needed loan amount won't cause them concern. You have the sway of a buyer ready to make the deal right now!
We help with your pre-qualification
When we pre-qualify you, we help you decide how much of a monthly payment you can fit in your budget, and the loan amount you can qualify for. The process outlines your finances - your debt, income, career, down payment money, among other things. It's a short, thorough process with minimal risks for papercuts.
Face to Face
You can always use the mortgage calculators here on our site to get an idea of how much mortgage you will be able to afford - but it's also important to meet with us. We can work toward your pre-qualification letter. Then, we can make sure we have the ideal mortgage program for your situation. Contact us at 561-395-4264 to get your pre-qualification process started.
Have questions about pre-qualifying? Call us at 561-395-4264. It's our job to answer pre-qualification questions, so we're happy to help!