When to Talk to Your Mortgage Professional
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It's valuable to visit with a mortgage professional first, even before you have decided what type of house you hope to find. What for? If you do not know yet how much house you need to qualify for, how can we help?
We Will Help You Pre-Qualify
We can help you calculate how much of a mortgage loan you can afford, and how much money you can borrow, by taking you through pre-qualifying. This process leads you through your current financial situation - your debts, 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.
When you qualify, we give you what's called a Pre-Qualification Letter (your real estate agent may call it a "pre-qual"), that documents the fact that we are partnering with you to find the ideal loan to fit your financial needs and that we're confident you will qualify for a mortgage up to a certain amount.
When you locate the house that is right for you, and you decide to make an offer, being pre-qualified for a loan will do several things. First, it lets you know how much you're able to offer. Even more important to the present owner, your pre-qualification gives them certainty - as if you'd entered their home with a suitcase of cash to make the offer! They won't have to wonder if they're wasting their time if you can't have the ability to qualify for a big 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 be something for them to worry about. 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 determine how much of a mortgage loan you can afford, and how much money you can borrow, by walking you through the pre-qualification process. The process outlines your finances - your debts, income, job, down payment money, among other things. It's a quick, thorough process with minimal risks for papercuts.
Face to Face
It is important for you to sit down and talk with us, even though you are free to also try the helpful mortgage loan calculator tools on this site. We can walk you through your pre-qualification letter. For another thing, we may locate a different mortgage choice that better fits your needs. Let us get you started: Call us at 919-787-6080.