The Importance of Pre-Qualification
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It is valuable to consult your mortgage professional early — even before you have started researching neighborhoods. Why? How can we help before you have negotiated an amount, and do not know yet how much you need to borrow?
We will help you calculate how much of a mortgage loan you can afford, and the amount of money you will be able to borrow, by taking you through the pre-qualification process. In this process, we explore your capacity to borrow - analyzing your job, available money for down payment, debt, income, and other circumstances. We require a minimum amount of paperwork, with a quick process.
We'll award you a Pre-Qualification Letter if you qualify, which documents that we're confident you can qualify for a certain amount of mortgage loan dollars.
Some advantages open to you after you find your dream house, and have achieved pre-qualification. First, you have some general numbers in mind, as the total you will be able to borrow. Having pre-qualification also will make your offer more attractive to the home seller, like you were bringing them a suitcase full of cash! They will not need to be concerned they have been wasting their time if you will not be able to qualify for a high enough mortgage loan. The seller of the home won't worry if he can trust you to qualify for your loan.Your qualifying for the necessary mortgage loan amount will not cause them concern. You'll have the clout of a buyer ready to make the deal on the spot!
We will help you pre-qualify
We can help you find out how much of a loan you can qualify for and the monthly mortgage payment amount you are able to afford by helping you pre-qualify. During this process, we explore your capacity to borrow - analyzing your earning status, money available for down payment, existing debt, income, and other circumstances. We will require a minimum amount of paperwork, and avoid a lengthy process.
You can certainly use the mortgage calculators here on this website to calculate how much mortgage you'll be able to afford - but it's also valuable to talk with one of our mortgage professionals. We can walk you through your pre-qualification letter. Then, we'll make sure we have the right mortgage program for you. We're eager to meet with you: contact us at 727-393-9399.
Have questions about pre-qualifying? Call us at 727-393-9399. We answer pre-qualification questions every day.