When to Talk to a Mortgage Pro About Pre-Qualifying
Are you looking for a new mortgage loan? We can assist you! Call us at 954.920.9799. Ready to get started? Apply Now.
It is helpful to consult with your mortgage professional as soon as possible — even before you have started narrowing down neighborhoods. Why? How can we help before you have negotiated a purchase amount, and do not know yet the amount you want to borrow?
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 getting you pre-qualified. The process walks you through your current financial situation - your debt, income, employment, and down payment money, among other things. It is a quick, thorough process with minimal risks for papercuts.
Once you qualify, will give you a Pre-Qualification Letter (your real estate agent may refer to it as a "pre-qual"), that says that we are helping you to find the right loan program to meet your financial needs and that we are confident you will qualify for a mortgage for up to a certain amount.
Power in the Pre-Qual
Various advantages open to you after you've found your new house, and have pre-qualification power. The first is that you will be sure what you'll be able to afford when determining the offer.
Even more important to the existing owner, your pre-qualification gives them certainty - as if you had entered their house with a suitcase of cash to make the offer! They will not need to be concerned they're wasting their time if you do not have the ability 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 your needed loan amount will not be something for them to worry about. You will have the influence of a buyer ready to make the purchase right now!
We can help you pre-qualify
When we pre-qualify you, we help you determine the amount you can afford in mortgage payments you can afford, and how much we of a loan you will qualify for. We can do this by analyzing your income and debts, your employment 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.
Face to Face
You can always use the mortgage calculators on this site to get an idea of how much mortgage you will be able to afford - but it's also important to talk with us. For one thing, you'll need a Pre-Qualification Letter! Then, we will make sure we have the best mortgage program for your situation. Contact us at 954.920.9799 to get started.
Have questions about pre-qualifying? Call us at 954.920.9799. It's our job to answer pre-qualification questions, so we're happy to help!