Why Pre-Qualification is Important

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It can be important to see a mortgage professional early, even if you haven't settled on what type of home to search for. What for? Maybe it is difficult to fathom the ways in which we could help even before you start to talk about prices and negotiations.

Pre-Qualify

When we pre-qualify you, we help you decide the amount in monthly payments you can fit in your budget, and the size of loan you will qualify for. We can accomplish this by analyzing your debts and income, your employment and residence situations, your available funds for a down payment, required reserves, and some other things. It's quick and to the point; We take pride in keeping the paperwork to a minimum.

We'll give you a Pre-Qualification Letter if you qualify, that documents that we are confident you'll qualify for a certain amount of mortgage dollars.

Power in the Pre-Qual

After you find the house that meets your needs, and you decide to make an offer, being pre-qualified for a mortgage will do several things. First, it helps you know the amount that you're able to offer. Being pre-qualified can also make your offer look even better to the home seller, like you were bringing them a suitcase full of cash! They will not need to be concerned that they have been wasting their time if you don't be able to qualify for a high enough mortgage. The seller won't be concerned that he can't trust you to qualify for your loan.Your qualifying for your needed loan amount won't cause them concern. You have the capability to back your offer up.

We help with your pre-qualification

We will help determine how much of a mortgage you can afford, and the amount of money you may be able to borrow, by walking you through pre-qualifying. We can do this by considering your income and debts, your employment and housing circumstances, your available funds for down payment, required reserves, and other considerations. It's short and basic; and we take pride in keeping the paperwork light.

Face to Face

While you can benefit from our tools to calculate mortgage variables on our website, it will be essential to meet with one of our mortgage professional team members. That way, we will help you get your pre-qualification letter. Next, we can study your mortgage loan options and make sure you are in the right one. Let us help you get started: Contact us at 561-395-4264.

Have questions about pre-qualifying? Call us at 561-395-4264. Alternative Mortgage Group answers pre-qualifying questions every day.

Help me get Pre-Approved

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