Why it's Important to Pre-Qualify
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It can be helpful to see a mortgage loan pro first, even before you have determined what sort of house you hope to find. What for? If you do not yet know how much home you want to qualify for, how could we help?
We will help determine how much of a mortgage loan you can afford, and the amount of money you will be able to borrow, by taking you through pre-qualifying. In this process, we determine your borrowing power - analyzing your employment, money available for down payment, existing debt, income, and other areas. We will require a minimum amount of paperwork, and avoid a lengthy process.
We will give you a Pre-Qualification Letter after you qualify, which documents that we're confident you'll qualify for up to a certain amount of mortgage dollars.
Various beneifits open to you once you've found your next house, and have pre-qualification. First, you have some general numbers in mind, as the amount you will be able to borrow.
Of greater importance to the existing home owner, your being pre-qualified is like your having walked into their house with a bag full of cash ready to purchase their home! They won't need to wonder if they are wasting their time if you won't be able to have the ability to qualify for a big enough mortgage. The seller won't worry if he can count on you to qualify for your mortgage in the amount you'll need.Your qualifying for the necessary mortgage loan amount will not be something for them to be concerned about. They have a virtual guarantee to trust your buying power.
We will help you with your pre-qualification
We can help you calculate how much of a mortgage you can afford, and how much money you can borrow, by taking you through the pre-qualification process. The process outlines your financial situation - your debts, income, job, cash available for down payment, among other things. We will require a minimum amount of paperwork, and avoid a lengthy process.
It's important for you to sit down and talk with us, even though you are welcome to also use the helpful mortgage calculator tools on our site. For one thing, you will need a Pre-Qualification Letter! For another thing, we could find a different mortgage program that fits your needs better. 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!