Why it's Important to Pre-Qualify
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It is important to bring in your mortgage loan professional as soon as possible — even before you've started researching neighborhoods. Why? It may be difficult to fathom the ways we could help even before you start to talk about prices and negotiations.
We Can Help You Pre-Qualify
Our mortgage professionals can help you calculate how much of a loan you can qualify for and the mortgage payment amount you can afford by getting you pre-qualified. This process walks you through your finances - your debt, income, job, and cash available for down payment, among other things. It is a short, thorough process with minimal risks for papercuts.
Once you qualify, we give you what's called a Pre-Qualification Letter (your real estate agent might call it a "pre-qual"), that says that we are partnering with you to find the best mortgage to meet your needs and that we are confident you'll qualify for a mortgage for up to a certain amount.
A number of advantages open to you once you've found your new house, and have achieved pre-qualification power. The first is that you'll know what you will be able to afford when calculating the offer.
Being pre-qualified also will make your offer look even better to the seller, like you were bringing them a bag full of cash! They will not need to worry that that they have been wasting their time if you can't have the ability to qualify for a high enough mortgage loan. The seller won't worry if he can trust you to qualify for your mortgage in the amount you will need.Your qualifying for your needed mortgage loan amount won't be something for them to fret over. You have the capability to back up your offer.
We can help you pre-qualify
When we pre-qualify you, we help you decide how much of a monthly mortgage payment you can fit in your budget, and the loan amount you will qualify for. The process outlines your finances - your debt, income, employment, down payment money, among other things. It's short and to the point; and we take pride in keeping the paperwork to a minimum.
Face to Face
You can certainly use the calculators available on our site to calculate the size mortgage you'll be able to afford - but it's also essential to meet with one of our mortgage professionals. That way, we will help you get your pre-qualification letter. Next, we can consider your mortgage choices and be sure you have selected the right one. We're eager to meet with you: call 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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