Why it's Important to Pre-Qualify
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It's helpful to visit with a mortgage loan pro first, even if you haven't settled on what type of home you hope to find. Why? When you don't know yet how much house you want to qualify for, what can we help you with?
Our mortgage professionals will help you determine the loan amount you can qualify for and the monthly mortgage payment amount you are able to afford by helping you pre-qualify. This process outlines your finances - your debt, income, employment, and cash available for down payment, among other things. It's a quick, thorough process with minimal risks for papercuts.
Once you qualify, will present to you a Pre-Qualification Letter (your real estate agent might call it a "pre-qual"), that states that we are working with you to find the right mortgage loan to fit your situation and that we're confident you'll qualify for a loan for a certain amount.
Once you locate the house that is right for you, and you want to put together an offer, being pre-qualified for a mortgage loan will do a number of things. First, it lets you know how much you are able to offer. Of greater importance to the home seller, your being pre-qualified is like your having walked into their house with a suitcase full of cash ready to purchase their house! They need not wonder if that they have been wasting their time if you can't be able to qualify for a high enough mortgage loan. The seller won't be concerned that he can't trust you to qualify for your mortgage in the amount you'll need.Your qualifying for your needed loan amount will not cause them concern. You have the sway 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 the amount you can afford in monthly payments you can afford, and how much we of a loan you can qualify for. The process outlines your finances - your debt, income, job, down payment money, among other things. It's short and to the point; and we keep the paperwork to a minimum.
It is vital to sit down and talk with us, even though you are free to also utilize the helpful mortgage loan calculator tools on our website. We can work toward your pre-qualification letter. Next, we can study your mortgage program options and make sure you have chosen the right one. We're eager to hear from you: call us at (972) 818-0022.
Have questions about pre-qualifying? Call us at (972) 818-0022. It's our job to answer pre-qualification questions, so we're happy to help!