Why it's Important to Pre-Qualify
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It is helpful to consult with your mortgage professional early — even before you have started to consider neighborhoods. What for? If you don't yet know how much house you want to qualify for, what could we do for you?
We Will Help You Pre-Qualify
We will help you find out how much of a loan you can qualify for and the mortgage payment amount you are able to afford by getting you pre-qualified. During the process, we determine your borrowing potential - analyzing your earning status, money available for down payment, debts, income, and other circumstances. It is a quick, thorough process with minimal risks for papercuts.
After you qualify, we present to you what's called a Pre-Qualification Letter (your real estate agent might call it a "pre-qual"), which states that we are partnering with you to find the best loan program to meet your needs and that we are confident you will qualify for a mortgage up to a certain amount.
A number of advantages open to you after you find your dream house, and have pre-qualification. First, you have some concrete numbers in mind, as the total you will qualify for on your mortgage.
Even more important to the seller of the house, your pre-qualification gives them certainty - as if you had arrived at their house with a bag of cash to make the offer! They will not have to be concerned they're wasting their time if you won't be able to have the ability to qualify for a big enough mortgage loan. The seller of the home won't wonder if he can trust you to qualify for your mortgage in the amount you will need.Your qualifying for the necessary mortgage loan amount won't be something for them to fret over. They have a virtual guarantee that they can trust your ability to back up your offer.
We help with your pre-qualification
When we pre-qualify you, we help you decide the amount you can afford in monthly payments you can afford, and how much we of a loan you will qualify for. The process outlines your financial situation - your debt, income, career, down payment money, among other things. It is a short, thorough process with minimal risks for papercuts.
Face to Face
It's vital to sit down and meet with us, even though you are welcome to also utilize the helpful mortgage calculator tools on our site. We can walk you through your pre-qualification letter. Then, we'll make sure we have the ideal mortgage loan program for you. Let us help you get started: Contact us at (708) 403-5181.
Have questions about pre-qualifying? Call us at (708) 403-5181. We answer pre-qualification questions every day.