It is important to visit with a mortgage loan pro early, even if you haven't decided what sort of home to search for. Why? It might be hard to fathom the way we could help even before you begin to negotiate.
We Can Help You Pre-Qualify
When we pre-qualify you, we help you figure out how much of a monthly payment you can fit in your budget, and the loan amount you will qualify for. During the process, we calculate your borrowing potential - looking at your job, available money for down payment, debt, income, and other areas. It's short and to the point; We keep the paperwork light.
Once you qualify, we present to you a Pre-Qualification Letter (your real estate agent might refer to it as a "pre-qual"), which says that we are working with you to find the right loan to meet your financial needs and that we're confident you'll qualify for a mortgage loan for up to a specific amount.
Power in the Pre-Qual
When you locate the house that catches your eye, and you want to put together an offer, being pre-qualified for a mortgage loan will do several things. The first is that you can be sure the amount you'll be able to afford when putting together the offer. Even more important to the current owner, your pre-qualification gives them certainty - as if you had entered their home with a suitcase of cash to back up the offer! They won't need to be concerned that they are wasting their time if you can't be able to qualify for a big enough mortgage. The seller of the home won't worry if he can count on you to qualify for your loan.Your qualifying for the necessary mortgage loan amount will not be something for them to be concerned about. You have the ability to back your offer up.
We can help you pre-qualify
When we pre-qualify you, we help you decide how much of a monthly mortgage payment you can afford, and the size of loan you will qualify for. The process outlines your finances - your debts, income, employment, cash available for down payment, among other things. We require a minimum amount of paperwork, with a short, basic process.
It is important to sit down and meet with us, even though you are welcome to also use the helpful mortgage calculators on our website. For one thing, you will need a Pre-Qualification Letter! For another thing, we may find a different mortgage choice that is a better fit for you. Let us help you get started: Call us at 954-605-2450.
Have questions about pre-qualifying? Call us at 954-605-2450. It's our job to answer pre-qualification questions, so we're happy to help!