Why Pre-Qualification is Important
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Even if you've not so much as picked out homes to view yet, it's valuable to see your mortgage pro early. Why? What can we do for you if you have not negotiated an amount, and do not yet know the amount you want to borrow?
We Will Help You Pre-Qualify
We can help determine how much of a mortgage you can afford, and how much money you will be able to borrow, by walking you through the pre-qualification process. This process leads you through your finances - your debts, income, employment, and down payment money, among other things. We will require a minimum amount of paperwork, and avoid a lengthy process.
We'll award you a Pre-Qualification Letter once you qualify, which documents that we're confident you will qualify for up to a specific amount of mortgage loan dollars.
Power in the Pre-Qual
A number of benefits open to you once you find your next house, and have pre-qualification. First, you have some general numbers in mind, as the amount you can borrow.
Even more important to the seller of the home, your pre-qualification gives them certainty - as if you had arrived at their house with a big box of cash to make the offer! They won't need to be concerned they are wasting their time if you will not have the ability to qualify for a high enough mortgage loan. The seller of the home won't be concerned that he can't trust you to qualify for your mortgage in the amount you will need.Your qualifying for the necessary loan amount won't cause them concern. They have a virtual guarantee that they can trust your ability to back up your offer.
We can help you pre-qualify
We will help determine how much of a mortgage loan you can afford, and how much money you will be able to borrow, by taking you through pre-qualifying. We will do this by reviewing your income and debts, your work and residence circumstances, the available funds for down payment, required reserves, and some other things. It's a quick, thorough process with minimal risks for papercuts.
One on one
You can always use the calculators available on this site to get an idea of how much mortgage you'll be able to afford - but it's also valuable to meet with us. For one thing, you'll need a Pre-Qualification Letter! Next, we can review your loan choices and be sure you have chosen the best one. Let us help you get started: Contact us at (972) 991-6115.
Have questions about pre-qualifying? Call us at (972) 991-6115. It's our job to answer pre-qualification questions, so we're happy to help!