When to Speak to a Mortgage Professional
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Even if you haven't so much as picked out houses to visit yet, it is important to visit with your mortgage pro early. What for? If you don't know yet how much home you want to qualify for, what can we do for you?
We can help you see how much of a mortgage you can afford, and how much money you will be able to borrow, by walking you through the pre-qualification process. We can accomplish this by reviewing your debts and income, your employment and housing circumstances, the available funds for a down payment, required reserves, and other financial considerations. It is a short, thorough process with minimal risks for papercuts.
After you are determined to be eligible, we prove our confidence in your capacity to qualify for a mortgage by awarding you a Pre-Qualification Letter (also known as a "pre-qual").
Power in the Pre-Qual
After you locate a house that is ideal for you, and you want to make an offer, being pre-qualified for a mortgage will do several things. First of all, you have some general numbers in mind, as the amount you will qualify for with your mortgage loan. More important to the current home owner, your being pre-qualified is like your having walked into their house with a suitcase full of money ready to make the deal! They will not need to worry that that they're wasting their time if you will not be able to qualify for a big 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 will need.Your qualifying for your needed loan amount will not be something for them to lose sleep over. You'll have the influence of a buyer ready to make the purchase on the spot!
We can help you pre-qualify
When we pre-qualify you, we help you determine how much of a monthly payment you can afford, and the size of loan you can qualify for. During the process, we determine your capacity to borrow - looking at your employment, money available for down payment, debt, income, and other circumstances. It's a short, thorough process with minimal risks for papercuts.
One on one
While you can try our mortgage calculators on our site, it's a good idea to sit down and talk with one of our mortgage professional team members. We can walk you through your pre-qualification letter. For another thing, we could locate a different mortgage choice that is a better fit for you. We are eager to hear from you: contact us at 281.440.8282.