Why it's Important to Pre-Qualify
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Even if you've not picked out homes to view yet, it can be valuable to contact your mortgage professional first. What for? Perhaps it's difficult to understand the ways we can help even before you start to talk about prices and negotiations.
We can help you calculate how much of a mortgage loan you can afford, and how much money you will be able to borrow, by taking you through the pre-qualification process. The process outlines your current financial situation - your debts, income, job, and down payment money, among other things. We ask for a minimum amount of paperwork, and avoid a lengthy process.
We will give you a Pre-Qualification Letter if you qualify, which says that we are confident you'll qualify for up to a certain amount of mortgage dollars.
With your pre-qualification letter, a number of advantages fall at your feet once you locate the home you want to make an offer for. The first is that you'll be sure what you will be able to afford when calculating the offer.
Your pre-qualification also will make your offer more attractive to the home seller, like you were bringing them a suitcase full of cash! They won't have to be concerned that they are wasting their time if you can't be able to qualify for a big enough mortgage loan. The seller of the home won't wonder if he can count on you to qualify for your mortgage in the amount you will need.Your qualifying for the necessary mortgage loan amount will not be something for them to worry about. You have the ability to back your offer up.
We can help you pre-qualify
We can help you calculate how much of a mortgage loan you can afford, and how much money you can borrow, by taking you through the pre-qualification process. During the process, we calculate your borrowing potential - analyzing your earning status, available money for down payment, debts, income, and other areas. It's short and basic; and we keep the paperwork light.
Face to Face
You can always use the mortgage calculators on this website to calculate how much mortgage you can afford - but it's also essential to talk with one of our mortgage professionals. For one thing, you will want a Pre-Qualification Letter! Then, we will make sure we have the best mortgage program for your situation. We are eager to meet with you: call 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.