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It's helpful to consult your mortgage loan professional as soon as possible — even before you have started to consider neighborhoods. What for? How can we help you if you have not made an offer, and do not know yet the amount you want to borrow?
We Will Help You Pre-Qualify
When we pre-qualify you, we help you find out the amount in mortgage payments you can fit in your budget, and the loan amount you can qualify for. The process outlines your financial situation - your debt, income, career, and cash available for down payment, among other things. We will ask for a minimum amount of paperwork, and avoid a lengthy process.
Once you are determined to be eligible, we prove our confidence in your capacity to qualify for a loan by awarding you a Pre-Qualification Letter (also called a "pre-qual").
Several advantages open to you when you've found your next house, and have achieved pre-qualification power. The first is that you can be sure what you will be able to afford when determining the offer.
Being pre-qualified also will make your offer more attractive to the seller, like you were bringing them a big box of cash! They need not be concerned they are wasting their time if you can't have the ability to qualify for a high enough mortgage loan. 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. They have a virtual guarantee that they can trust your ability to back up your offer.
We will help you with your pre-qualification
When we pre-qualify you, we help you determine the amount you can afford in monthly payments you can fit in your budget, and the size of loan you will qualify for. We will achieve this by analyzing your debts and income, your work and residence situations, the funds available for down payment, required reserves, and some other things. It's quick 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 utilize the helpful mortgage loan calculators on this website. For one thing, you'll want a Pre-Qualification Letter! Next, we can review your mortgage program choices to be sure you have selected the best one. We are waiting to meet with 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.