The Importance of Pre-Qualifying
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It's important to visit with a mortgage loan pro first, even before you've determined the sort of home to search for. Why? How can we help if you haven't negotiated a price, and do not yet know the amount you want to borrow?
We Will Help You Pre-Qualify
When we pre-qualify you, we help you determine how much of a monthly payment you can fit in your budget, and the loan amount you can qualify for. We achieve this by analyzing your debts and income, your employment and residence situations, your available funds for a down payment, required reserves, and other considerations. It's short and to the point; We take pride in keeping the paperwork to a minimum.
We'll award you a Pre-Qualification Letter after you qualify, which states that we're confident you'll qualify for a specific amount of mortgage loan dollars.
Power in the Pre-Qual
Several advantages open to you after you have found your next house, and have pre-qualification power. The first is that you can know the amount you'll be able to afford when determining your offer.
Being pre-qualified will also make your offer look even better to the seller, as if you were bringing them a bag full of cash! They need not worry that that they are wasting their time if you don't have the ability to qualify for a high enough mortgage loan. The seller of the home won't be concerned that he can't count on you to qualify for your mortgage in the amount you'll need.Your qualifying for the necessary mortgage loan amount won't be something for them to worry about. You have the ability to back up your offer.
We help with your pre-qualification
When we pre-qualify you, we help you find out how much of a monthly mortgage payment you can afford, and the loan amount you will qualify for. During this process, we explore your capacity to borrow - reviewing your job, available money for down payment, debt, income, and other circumstances. We as for a minimum amount of paperwork, and avoid a lengthy process.
It's important to sit down and meet with us, even though you are welcome to also utilize the helpful mortgage loan calculator tools on our website. That way, we will be able to help you get your pre-qualification letter. Next, we can study your loan options to make sure you are in the right one. Let us get you started: Contact us at 214-300-8756.
Have questions about pre-qualifying? Call us at 214-300-8756. We answer pre-qualification questions every day.