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Even if you have not researched houses to visit yet, it is important to contact your mortgage loan professional first. What for? It might be difficult to fathom the ways we could help even before you begin to calculate your offer.
We Will Help You Pre-Qualify
When we pre-qualify you, we help you determine the amount in monthly payments you can afford, and how much we of a loan you will qualify for. The process outlines your finances - your debt, income, career, and cash available for down payment, among other things. We will ask for a minimum amount of paperwork, with a short,basic process.
When you qualify, will give you what's called a Pre-Qualification Letter (your real estate agent might call it a "pre-qual"), which states that we are working with you to find the ideal loan program to fit your situation and that we are confident you will qualify for a mortgage loan for a certain amount.
Various advantages open to you after you have found your next house, and have achieved pre-qualification. First, it lets you know how much you can offer.
Of greater importance to the existing home owner, your pre-qualification is like your having entered their house with a suitcase full of money to make the deal! They won't need to worry that they are wasting their time if you won't be able to have the ability to qualify for a big enough mortgage. The seller won't be concerned that he can't count on you to qualify for your loan.Your qualifying for your needed mortgage loan amount will not be something for them to fret over. You have the capability to back your offer up.
We can help you pre-qualify
We can help determine how much of a mortgage you can afford, and the amount of money you can borrow, by walking you through pre-qualifying. We achieve this by analyzing your income and debts, your employment and housing situations, the funds available for down payment, required reserves, and other financial considerations. It's short and to the point; and we take pride in keeping the paperwork light.
It is important for you to sit down and meet with us, even though you are free to also try the helpful mortgage calculator tools on this site. That way, we will help you get your pre-qualification letter. Then, we can make sure we have selected the best mortgage program for you. We're waiting to hear from you: call us at 214-300-8756.
Have questions about pre-qualifying? Call us at 214-300-8756. F&T Mortgage, Inc. NMLS # 168839 (www.nmlsconsumeraccess.org) answers pre-qualifying questions every day.