The Importance of Pre-Qualification
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Even if you have not so much as researched homes to view yet, it's valuable to see your mortgage professional early. What for? How can we help you before you have negotiated an amount, and don't know yet how much you need 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 size of loan you can qualify for. During this process, we explore your borrowing potential - looking at your job, money available for down payment, existing debt, income, and other areas. It is a quick, thorough process with minimal risks for papercuts.
After 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 helping you to find the best loan program to meet your situation and that we are confident you will qualify for a loan for a certain amount.
When you find the house that meets your needs, and you want to make an offer, being pre-qualified for a mortgage will do a number of things. First, it helps you know the amount that you are able to offer.
Of greater importance to the home seller, your being pre-qualified is like your having walked into their front door with a bag full of money to make the deal! They will not have to worry that they have been wasting their time if you can't be able to qualify for a high enough mortgage loan. The seller of the home won't worry if he can count on you to qualify for your loan.Your qualifying for your needed loan amount will not be something for them to worry about. You have the clout of a buyer ready to make the deal on the spot!
We will help you pre-qualify
We can help you determine how much of a loan you can qualify for and the monthly payment amount you can afford by getting you pre-qualified. In the process, we explore your capacity to borrow - looking at your employment, available money for down payment, debts, income, and other circumstances. We as for a minimum amount of paperwork, with a short, basic process.
One on one
You can certainly use the calculators on our site to get an idea of how much mortgage you will be able to afford - but it's also essential to talk with one of our mortgage professionals. We can walk you through your pre-qualification letter. Next, we can consider your mortgage choices and make sure you have selected the best one. Contact us at 214-300-8756 to get started.
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!