The Importance of Pre-Qualification
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Even if you haven't so much as narrowed down houses to view yet, it's important to see your mortgage loan professional first. What for? Perhaps it is hard to understand the way we could help even before you begin to calculate your offer.
We Will Help You Pre-Qualify
Our mortgage professionals can help you determine how much of a loan you can qualify for and the monthly payment amount you can afford by getting you pre-qualified. During the process, we calculate your ability to borrow - reviewing your earning status, money available for down payment, debt, income, and other areas. It's a short, thorough process with minimal risks for papercuts.
When you are considered eligible, we document our confidence in your capacity to qualify for a loan by giving you a Pre-Qualification Letter (also known as a "pre-qual").
Power in the Pre-Qual
Some advantages open to you once you've found your new house, and have pre-qualification power. First, it helps you know how much you are able to offer. More important to the home seller, your pre-qualification is like your having entered their house with a bag full of money ready to make the deal! They will not have to worry that they are wasting their time if you do not be able to qualify for a big 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 your needed loan amount will not cause them concern. You have the ability to back your offer up.
We will help you with your pre-qualification
We will help you calculate the loan amount you can qualify for and the monthly mortgage payment amount you are able to afford by helping you pre-qualify. During the process, we calculate your borrowing power - analyzing your earning status, available money for down payment, debts, income, and other circumstances. It's a quick, thorough process with minimal risks for papercuts.
While you are able to benefit from our mortgage calculators on this site, it is essential to meet with us. We can begin working on your pre-qualification letter. Then, we'll make sure we have chosen the ideal mortgage program for your situation. Contact us at 281.440.8282 to get your pre-qualification process started.