The Importance of Pre-Qualification
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It's important to see a mortgage professional early, even if you haven't settled on the kind of home to search for. Why? Perhaps it's difficult to fathom the ways in which we can help even before you begin to negotiate.
We Can Help You Pre-Qualify
When we pre-qualify you, we help you find out the amount in monthly payments you can afford, and how much we of a loan you can qualify for. We will accomplish this by reviewing your debts and income, your work and residence circumstances, your funds available for a down payment, required reserves, and some other things. It's short and to the point; We take pride in keeping the paperwork light.
After you qualify, will give 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 helping you to find the best mortgage to meet your situation and that we're confident you will qualify for a mortgage loan for up to a certain amount.
Armed with your pre-qualification letter, some advantages fall at your feet once you find the house you want to make an offer for. The first is that you'll be sure the amount you'll be able to afford when calculating your offer.
Of greater importance to the seller, your pre-qualification is like your having walked into their front door with a bag full of money to purchase the home! They will not have to wonder if they have been wasting their time if you don't be able to qualify for a big enough mortgage loan. The seller of the home won't worry if he can count on you to qualify for your mortgage in the amount you'll need.Your qualifying for your needed mortgage loan amount will not be something for them to lose sleep over. You have the ability to back your offer up.
We help with your pre-qualification
We can help you calculate how much of a mortgage you can afford, and the amount of money you may be able to borrow, by walking you through pre-qualifying. During the process, we determine your capacity to borrow - analyzing your job, available money for down payment, debt, income, and other circumstances. It's quick and basic; and we keep the paperwork to a minimum.
Face to Face
It's important to sit down and meet with us, even though you are free to also try the helpful mortgage calculator tools on our site. We can work toward your pre-qualification letter. For another thing, we could locate a different mortgage program that is a better fit for you. We're eager to meet with you: call us at (407) 889-4321.
Have questions about pre-qualifying? Call us at (407) 889-4321. It's our job to answer pre-qualification questions, so we're happy to help!