The Importance of Pre-Qualifying
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It is important to bring in your mortgage professional early — even before you've started to consider neighborhoods. Why? What can we do for you before you have negotiated a price, and do not know yet the amount you need to borrow?
We Can Help You Pre-Qualify
We will help you see how much of a mortgage you can afford, and the amount of money you will be able to borrow, by taking you through pre-qualifying. This process walks you through your current financial situation - your debt, income, job, and down payment money, among other things. It's short and to the point; We keep the paperwork to a minimum.
We will give you a Pre-Qualification Letter when you qualify, that states that we are confident you can qualify for a certain amount of mortgage loan dollars.
Power in the Pre-Qual
Holding your pre-qualification letter, several advantages fall at your feet when you locate the house you want to put together an offer for. First, you have some general numbers in mind, as the amount you will be able to borrow.
Being pre-qualified can also make your offer look even better to the home seller, like you were bringing them a big box of cash! They won't need to be concerned that they have been wasting their time if you don't be able to qualify for a high enough mortgage. The seller of the home won't be concerned that he can't count on you to qualify for your loan.Your qualifying for the necessary mortgage loan amount won't cause them concern. You have the capability to back up your offer.
We will help you pre-qualify
We can help you see how much of a mortgage you can afford, and the amount of money you may be able to borrow, by taking you through the pre-qualification process. In this process, we look at your ability to borrow - reviewing your job, available money for down payment, existing debt, income, and other circumstances. It's a short, thorough process with minimal risks for papercuts.
It is important to sit down and meet with us, even though you are free to also utilize the helpful mortgage loan calculators on our website. We can walk you through your pre-qualification letter. Then, we will make sure we have chosen the best mortgage program for you. Let us get you started: 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.