Why Pre-Qualification is Important
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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's difficult to fathom the way we can help even before you start to calculate your offer.
We Can Help You Pre-Qualify
We will help determine how much of a mortgage loan you can afford, and how much money you can borrow, by taking you through pre-qualifying. We will do this by considering your income and debts, your work and housing circumstances, your funds available for down payment, required reserves, and other financial considerations. We will require a minimum amount of paperwork, and avoid a lengthy process.
When you qualify, we present to you a Pre-Qualification Letter (your real estate agent may call it a "pre-qual"), which documents the fact that we are helping you to find the ideal mortgage loan program to fit your financial needs and that we're confident you'll qualify for a loan up to a specific amount.
Some beneifits open to you when you have found your dream house, and have pre-qualification power. First, it lets you know how much you are able to offer.
Even more important to the present owner, your pre-qualification letter gives them certainty - as if you had come into their home with a bag of cash to back up the offer! They won't need to wonder if they are wasting their time if you can't have the ability to qualify for a high enough mortgage loan. The seller won't be concerned that he can't trust you to qualify for your loan.Your qualifying for the necessary loan amount will not be something for them to lose sleep over. You have the capability to back up your offer.
We can help you pre-qualify
We can help you see how much of a mortgage you can afford, and the amount of money you can borrow, by walking you through pre-qualifying. This process takes you through your current financial situation - your debt, income, employment, cash available for down payment, among other things. We will ask for a minimum amount of paperwork, with a quick process.
Face to Face
While you can use our tools to calculate mortgage variables on this website, it's a good idea to sit down and talk with us. For one thing, you'll want a Pre-Qualification Letter! Then, we can make sure we have found the right mortgage loan program for your situation. Contact us at (708) 403-5181 to get your pre-qualification process started.
Have questions about pre-qualifying? Call us at (708) 403-5181. We answer pre-qualification questions every day.