The Importance of Pre-Qualifying

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It's valuable to see a mortgage professional first, even before you've decided the sort of house you hope to find. Why? It might be hard to understand the way we can help even before you begin to calculate your offer.

Pre-Qualify

We can help you calculate how much of a mortgage loan you can afford, and the amount of money you can borrow, by walking you through pre-qualifying. We can accomplish 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 short, thorough process with minimal risks for papercuts.

When you qualify, will give you what's called a Pre-Qualification Letter (your real estate agent might call it a "pre-qual"), which says that we are working with you to find the right loan to fit your financial needs and that we're confident you'll qualify for a mortgage up to a certain amount.

Power in the Pre-Qual

Several beneifits open to you once you've found your next house, and have achieved pre-qualification. First, it lets you know the amount that you're able to offer. More important to the home seller, your being pre-qualified is like your having walked into their front door with a bag full of money ready to purchase their house! They won't need to be concerned they are wasting their time if you don't have the ability to qualify for a high enough mortgage. The seller won't wonder if he can count on you to qualify for your loan.Your qualifying for your needed mortgage loan amount won't be something for them to worry about. You have the capability to back your offer up.

We help with your pre-qualification

When we pre-qualify you, we help you determine how much of a monthly payment you can afford, and the size of loan you will qualify for. We can achieve this by analyzing your debts and income, your employment and housing circumstances, your available funds for down payment, required reserves, and some other things. It's quick and basic; and we take pride in keeping the paperwork to a minimum.

Face to Face

While you are able to use our tools to calculate mortgage variables on our site, it's a good idea to meet with us. We can walk you through your pre-qualification letter. Then, we can make sure we have the right mortgage loan program for your situation. Let us get you started: 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.

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