When to Talk to Your Mortgage Professional About Pre-Qualification
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It's helpful to bring in your mortgage loan professional early — even before you have started narrowing down neighborhoods. Why? It might be hard to fathom the way we could help even before you begin to negotiate.
When we pre-qualify you, we help you determine how much of a monthly mortgage payment you can afford, and the size of loan you can qualify for. This process walks you through your finances - your debts, income, job, and down payment money, among other things. It's short and basic; We take pride in keeping the paperwork light.
We give you a Pre-Qualification Letter once you qualify, which says that we are confident you will qualify for a specific amount of mortgage loan dollars.
Power in the Pre-Qual
After you locate the house that catches your eye, and you decide to put together an offer, being pre-qualified for a loan will do several things. The first is that you will know the amount you'll be able to afford when putting together the offer.
Of greater importance to the existing home owner, your pre-qualification is like your having entered their house with a bag full of cash to make the deal! They will not need to worry that that they are wasting their time if you will not have the ability to qualify for a high enough mortgage. The seller of the home won't wonder if he can count on you to qualify for your mortgage in the amount you will need.Your qualifying for the necessary loan amount will not be something for them to lose sleep over. You have the capability to back your offer up.
We can help you pre-qualify
When we pre-qualify you, we help you decide how much of a monthly payment you can afford, and how much we of a loan you can qualify for. We will accomplish this by reviewing your debts and income, your employment and housing situations, your available funds for a down payment, required reserves, and some other things. It's quick and basic; and we take pride in keeping the paperwork light.
One on one
While you can try our tools to calculate mortgage variables on this site, it's a good idea to sit down and talk with one of our mortgage professional team members. For one thing, you will need a Pre-Qualification Letter! Then, we will make sure we have the right mortgage loan program for your situation. Let us help you get started: Call us at 214-300-8756.
Have questions about pre-qualifying? Call us at 214-300-8756. It's our job to answer pre-qualification questions, so we're happy to help!