Why it's Important to Pre-Qualify
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It is valuable to consult with your mortgage professional early — even before you have begun researching neighborhoods. What for? Perhaps it's hard to fathom the ways in which we could help even before you start to negotiate.
We can help you calculate how much of a loan you can qualify for and the mortgage payment amount you are able to afford by getting you pre-qualified. We will achieve this by analyzing your debts and income, your employment and housing situations, your available funds for down payment, required reserves, and some other things. It's a quick, thorough process with minimal risks for papercuts.
Once you are considered eligible, we will prove our confidence in your capacity to qualify for a mortgage by giving you a Pre-Qualification Letter (also known as a "pre-qual").
Power in the Pre-Qual
After you locate the house that meets your needs, and you decide to put together an offer, being pre-qualified for a mortgage will do several things. First, you have some definite numbers in mind, as the total you will qualify for on your mortgage loan.
More important to the current home owner, your pre-qualification is like your having walked into their front door with a bag full of cash ready to make the deal! They need not be concerned they are wasting their time if you can't be able 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 mortgage loan amount won't be something for them to be concerned about. You can have the sway of a buyer ready to make the purchase on the spot!
We will help you pre-qualify
Our mortgage professionals can help you determine the loan amount you can qualify for and the monthly mortgage payment amount you can afford by helping you pre-qualify. The process outlines your current financial situation - your debt, income, career, down payment money, among other things. We as for a minimum amount of paperwork, and avoid a lengthy process.
It's vital to sit down and talk with us, even though you are free to also utilize the helpful mortgage loan calculators on this site. That way, we'll be able to help you get your pre-qualification letter. Then, we'll make sure we have chosen the ideal mortgage loan program for you. We are eager to hear from you: contact us at (407) 889-4321.
Have questions about pre-qualifying? Call us at (407) 889-4321. The Mortgage Firm - Team Meyers answers pre-qualifying questions every day.