When to Talk to Your Mortgage Professional
Shopping for a mortgage loan? We will be glad to assist you! Call us at 214-300-8756. Ready to get started? Apply Now.
It's helpful to see a mortgage loan pro early, even if you haven't decided what type of home you hope to find. What for? If you don't know yet how much house you want to qualify for, what can we do for you?
We can help you calculate the loan amount you can qualify for and the monthly payment amount you can afford by helping you pre-qualify. The process outlines your finances - your debt, income, employment, and down payment money, among other things. We will ask for a minimum amount of paperwork, with a quick process.
Once you qualify, will present to you a Pre-Qualification Letter (your real estate agent may refer to it as a "pre-qual"), which states that we are helping you to find the best loan program to meet your situation and that we are confident you'll qualify for a mortgage loan up to a specific amount.
Power in the Pre-Qual
After you find a house that is ideal for you, and you want to put together an offer, being pre-qualified for a mortgage loan will do a number of things. The first is that you will be sure the amount you'll be able to afford when calculating the offer.
Even more important to the seller of the house, your pre-qualification gives them certainty - as if you'd entered their house with a big box of cash to back up the offer! They won't need to be concerned they have been 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 your needed mortgage loan amount will not be something for them to lose sleep over. You'll have the influence of a buyer ready to make the purchase on the spot!
We can help you pre-qualify
We can help you determine the loan amount you can qualify for and the mortgage payment amount you are able to afford by getting you pre-qualified. We accomplish this by analyzing your debts and income, your employment and housing circumstances, the funds available for a down payment, required reserves, and some other things. We will require a minimum amount of paperwork, with a quick process.
Face to Face
While you are able to try our mortgage calculators on this website, it is a good idea to meet with us. For one thing, you will need a Pre-Qualification Letter! Next, we can consider your mortgage program choices and be sure you are in the best one. We are waiting to hear from you: call us at 214-300-8756.
Have questions about pre-qualifying? Call us at 214-300-8756. We answer pre-qualification questions every day.