The Importance of Pre-Qualification
Shopping for a mortgage? We'll be glad to answer your questions about your mortgage needs! Call us at 561-395-4264. Want to get started? Apply Here.
It is valuable to visit with a mortgage loan pro early, even if you haven't settled on what sort of house you hope to find. What for? What can we do for you if you have not negotiated an amount, and do not yet know the amount you want to borrow?
We can help you calculate how much of a mortgage you can afford, and how much money you can borrow, by walking you through the pre-qualification process. During this process, we explore your ability to borrow - reviewing your earning status, money available for down payment, existing debt, income, and other circumstances. It is a quick, thorough process with minimal risks for papercuts.
At the point you are considered eligible, we document our confidence in your capacity to qualify for a mortgage loan by awarding you a Pre-Qualification Letter (also called a "pre-qual").
When you locate a house that is best for you, and you want to put together an offer, being pre-qualified for a mortgage will do a number of things. The first is that you can be sure the amount you'll be able to afford when determining the offer.
More important to the home seller, your pre-qualification is like your having entered their front door with a suitcase full of cash to make the deal! They will not have to wonder if that they're wasting their time if you will not be able to qualify for a big enough mortgage. The seller of the home won't wonder if he can count on you to qualify for your loan.Your qualifying for your needed loan amount won't cause them concern. You can have the clout of a buyer ready to make the deal right now!
We will help you with your pre-qualification
When we pre-qualify you, we help you figure out the amount you can afford in monthly mortgage payments you can fit in your budget, and the size of loan you can qualify for. During the process, we determine your ability to borrow - looking at your job, money available for down payment, debts, income, and other circumstances. It's a short, thorough process with minimal risks for papercuts.
You can certainly use the calculators on our website to get an idea of how much mortgage you can afford - but it's also valuable to talk with one of our mortgage professionals. For one thing, you will need a Pre-Qualification Letter! Then, we will make sure we have found the right mortgage program for your situation. We're waiting to meet with you: contact us at 561-395-4264.
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!