When to Talk to a Mortgage Pro
Shopping for a mortgage loan? We'd be thrilled to talk about your mortgage needs! Call us at 954.920.9799. Ready to get started? Apply Here.
It is important to consult with your mortgage loan professional early — even before you have begun researching neighborhoods. What for? Perhaps it's hard to understand the way we can help even before you begin to talk about prices and negotiations.
We Can Help You Pre-Qualify
We will help you see how much of a mortgage you can afford, and how much money you will be able to borrow, by taking you through the pre-qualification process. We will achieve this by considering your income and debts, your work and housing circumstances, the funds available for a down payment, required reserves, and some other things. It is a quick, thorough process with minimal risks for papercuts.
After you qualify, will present to you what's called a Pre-Qualification Letter (your real estate agent might refer to it as a "pre-qual"), which documents the fact that we are working with you to find the best loan program to meet your situation and that we're confident you will qualify for a loan for a specific amount.
Power in the Pre-Qual
When you locate a house that is ideal for you, and you decide to make an offer, being pre-qualified for a loan will do several things. First, it lets you know the amount that you're able to offer.
Of greater importance to the home seller, your pre-qualification is like your having walked into their house with a suitcase full of cash ready to make the deal! They won't have to worry that they are wasting their time if you won't be able to have the ability to qualify for a high enough mortgage. The seller won't be concerned that he won't be able to count on you to qualify for your mortgage in the amount you'll need.Your qualifying for your needed loan amount won't be something for them to worry about. You can have the clout of a buyer ready to make the purchase right now!
We can help you pre-qualify
When we pre-qualify you, we help you find out how much of a monthly payment you can fit in your budget, and the size of loan you will qualify for. We will achieve this by analyzing your income and debts, your employment and housing situations, the available funds for a down payment, required reserves, and other financial considerations. We require a minimum amount of paperwork, and avoid a lengthy process.
Face to Face
It's important for you to sit down and meet with us, even though you are welcome to also utilize the helpful mortgage loan calculator tools on this site. We can begin getting your pre-qualification letter. Next, we can review your mortgage program choices and make sure you have found the right one. Contact us at 954.920.9799 to get your pre-qualification process started.
Have questions about pre-qualifying? Call us at 954.920.9799. First Southeast Mortgage Corporation answers pre-qualifying questions every day.