When to Talk to a Mortgage Professional
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Looking for mortgage advice? We will be glad to help! Call us at 214-300-8756. Want to get started? Apply Here.
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Even if you have not so much as narrowed down houses to view yet, it's valuable to contact your mortgage loan professional first. What for? It may be difficult to understand the ways we can help even before you start to calculate your offer.
We Will Help You Pre-Qualify
We can help you find out how much of a loan you can qualify for and the monthly payment amount you are able to afford by helping you pre-qualify. We achieve this by reviewing your income and debts, your work and housing circumstances, your funds available for down payment, required reserves, and other considerations. We require a minimum amount of paperwork, and avoid a lengthy process.
Once you are determined to be eligible, we will prove our confidence in your potential to qualify for a mortgage loan by presenting you with a Pre-Qualification Letter (also known as a "pre-qual").
Pre-Qualification Power
After you locate the house that meets your needs, and you decide to make an offer, being pre-qualified for a mortgage loan will do a couple of things. First of all, you have some definite numbers in mind, as the total you can borrow.
Even more important to the existing owner, your pre-qualification letter gives them certainty - as if you had arrived at their house with a big box of cash to back up the offer! They will not need to wonder if they are wasting their time if you won't be able to have the ability to qualify for a high enough mortgage. The seller of the home won't wonder if he can trust you to qualify for your mortgage in the amount you'll need.Your qualifying for your needed loan amount will not cause them concern. You will have the sway of a buyer ready to make the purchase on the spot!
We can help you pre-qualify
We can help you see how much of a mortgage loan you can afford, and the amount of money you will be able to borrow, by taking you through pre-qualifying. In this process, we determine your ability to borrow - analyzing your employment, available money for down payment, debts, income, and other circumstances. We will require a minimum amount of paperwork, with a short, basic process.
One on one
You can certainly use the calculators on our site to calculate the size mortgage you'll be able to afford - but it's also important to talk with us. We can begin getting your pre-qualification letter. For another thing, we could locate a different mortgage loan option that fits your situation better. Contact us at 214-300-8756 to get started.
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.