The Importance of Pre-Qualifying
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It's important to consult your mortgage professional as soon as possible — even before you've started to research neighborhoods. What for? It might be difficult to understand how we can help even before you begin to talk about prices and negotiations.
We Will Help You Pre-Qualify
When we pre-qualify you, we help you decide how much of a monthly payment you can afford, and how much we of a loan you can qualify for. In the process, we determine your borrowing capacity - looking at your job, money available for down payment, debts, income, and other areas. It's a quick, thorough process with minimal risks for papercuts.
Once you are determined to be eligible, we prove our confidence in your ability to qualify for a mortgage by awarding you a Pre-Qualification Letter (also known as a "pre-qual").
Once you locate the house that is ideal for you, and you decide to put together an offer, being pre-qualified for a mortgage will do several things. The first is that you'll be sure what you will be able to afford when putting together the offer.
Even more important to the present owner, your pre-qualification letter gives them certainty - as if you'd arrived at their home with a bag of cash to make the offer! They need not wonder if that they are wasting their time if you can't be able to qualify for a high enough mortgage. The seller of the home won't be concerned that he can't trust you to qualify for your loan.Your qualifying for the necessary loan amount will not be something for them to lose sleep over. They have a virtual guarantee to trust your buying power.
We can help you pre-qualify
When we pre-qualify you, we help you determine how much of a monthly payment you can fit in your budget, and the loan amount you can qualify for. This process outlines your financial situation - your debt, income, job, down payment money, among other things. It's a short, thorough process with minimal risks for papercuts.
One on one
You can certainly use the calculators here on our site to get an idea of how much mortgage you'll be able to afford - but it's also essential to talk with one of our mortgage professionals. For one thing, you will want a Pre-Qualification Letter! For another thing, we may find a different mortgage option that fits your needs better. We're waiting to meet with you: contact us at 877-310-6200.
Have questions about pre-qualifying? Call us at 877-310-6200. Mario Vega answers pre-qualifying questions every day.
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