Why Pre-Qualification is Important
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It's valuable to consult your mortgage professional as soon as possible — even before you have started to research neighborhoods. What for? If you do not yet know how much home you want to qualify for, what can we help you with?
Our mortgage professionals will help you find out the loan amount you can qualify for and the monthly payment amount you can afford by getting you pre-qualified. During this process, we explore your ability to borrow - looking at your earning status, available money for down payment, debts, income, and other areas. It's quick and basic; We keep the paperwork light.
Once you qualify, we give you a Pre-Qualification Letter (your real estate agent might refer to it as a "pre-qual"), which states that we are helping you to find the best mortgage loan program to meet your situation and that we are confident you'll qualify for a mortgage loan for up to a certain amount.
Armed with your pre-qualification letter, some advantages fall at your feet once you locate the house you want to put together an offer on. First, you have some definite numbers in mind, as the total you will qualify for on your mortgage loan.
Even more important to the present owner, your pre-qualification status gives them confidence - as if you had come into their home with a big box of cash to make the offer! They won't need to wonder if that they have been wasting their time if you won't be able to 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 mortgage in the amount you will need.Your qualifying for the necessary mortgage loan amount won't be something for them to worry about. They have a virtual guarantee to trust your ability to back up your offer.
We will help you pre-qualify
Our mortgage professionals can help you calculate the loan amount you can qualify for and the monthly payment amount you can afford by helping you pre-qualify. During the process, we explore your borrowing capacity - reviewing your employment, available money for down payment, debts, income, and other circumstances. It's short and basic; and we keep the paperwork to a minimum.
One on one
You can certainly use the mortgage calculators here on this site to calculate the size mortgage you'll be able to afford - but it's also important to talk with us. That way, we will be able to help you get your pre-qualification letter. Then, we'll make sure we have found the ideal mortgage loan program for your situation. We're eager to hear from you: contact us at 561-395-4264.
Have questions about pre-qualifying? Call us at 561-395-4264. We answer pre-qualification questions every day.