When to Speak to a Mortgage Professional About Pre-Qualifying
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It can be valuable to visit with a mortgage loan pro early, even before you have decided what type of house to search for. What for? If you do not know yet how much house you need to qualify for, what could we do for you?
We Will Help You Pre-Qualify
We can help you see how much of a mortgage loan you can afford, and how much money you may be able to borrow, by walking you through the pre-qualification process. In the process, we look at your borrowing capacity - reviewing your earning status, available money for down payment, debt, income, and other circumstances. It's short and to the point; We take pride in keeping the paperwork light.
We will award you a Pre-Qualification Letter if you qualify, which says that we're confident you will qualify for a specific amount of mortgage dollars.
Power in the Pre-Qual
Several beneifits open to you once you find your next house, and have pre-qualification power. First of all, you have some definite numbers in mind, as the amount you will qualify for on your mortgage.
More important to the seller, your pre-qualification is like your having walked into their front door with a suitcase full of money ready to purchase their house! They won't have to wonder if that they are wasting their time if you don't have the ability to qualify for a high enough mortgage. The seller won't be concerned that he can't count on you to qualify for your mortgage in the amount you will need.Your qualifying for the necessary loan amount will not cause them concern. They have a virtual guarantee to trust your ability to back up your offer.
We can help you pre-qualify
We will help you see how much of a mortgage loan you can afford, and how much money you will be able to borrow, by taking you through pre-qualifying. In the process, we calculate your borrowing power - reviewing your employment, available money for down payment, existing debt, income, and other circumstances. It's a quick, thorough process with minimal risks for papercuts.
One on one
You can always use the calculators available on this website to get an idea of how much mortgage you'll be able to afford - but it's also important to meet with us. We can work toward your pre-qualification letter. Then, we'll make sure we have found the right mortgage program for your situation. Contact us at (708) 403-5181 to get started.
Have questions about pre-qualifying? Call us at (708) 403-5181. Avalon Mortgage Services, Inc. answers pre-qualifying questions every day.