Why it's Important to Pre-Qualify
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It can be valuable to visit with a mortgage professional early, even before you've decided what sort of house to search for. Why? If you don't yet know how much house you need to qualify for, how could we help?
We will help you find out how much of a loan you can qualify for and the mortgage payment amount you can afford by helping you pre-qualify. This process outlines your finances - your debt, income, job, and down payment money, among other things. We will require a minimum amount of paperwork, with a short,basic process.
We will award you a Pre-Qualification Letter if you qualify, that states that we are confident you'll qualify for a specific amount of mortgage loan dollars.
Once you locate the house that meets your needs, and you decide to make an offer, being pre-qualified for a loan will do a number of things. First, it lets you know the amount that you are able to offer. Being pre-qualified also will make your offer look even better to the seller, like you were bringing them a big box of cash! They won't need to wonder if that they're wasting their time if you won't be able to be able to qualify for a high enough mortgage loan. The seller won't wonder if he can count on you to qualify for your loan.Your qualifying for the necessary loan amount will not be something for them to fret over. You can have the clout of a buyer ready to make the purchase right now!
We will help you pre-qualify
When we pre-qualify you, we help you figure out the amount you can afford in monthly payments you can fit in your budget, and the loan amount you will qualify for. We can achieve this by considering your debts and income, your employment and residence situations, your available funds for a down payment, required reserves, and some other things. We will require a minimum amount of paperwork, and avoid a lengthy process.
Face to Face
You can certainly use the calculators available on our site to calculate the size mortgage you'll be able to afford - but it's also valuable to meet with us. For one thing, you will need a Pre-Qualification Letter! Next, we can study your mortgage loan choices and make sure you have selected the right one. Contact us at 919-787-6080 to get started.