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It can be important to see a mortgage loan pro early, even if you haven't settled on the sort of house you hope to find. Why? When you do not yet know how much house you need to qualify for, what can we do for you?
We Can Help You Pre-Qualify
When we pre-qualify you, we help you determine the amount in monthly payments you can fit in your budget, and how much we of a loan you will qualify for. We will accomplish this by analyzing your income and debts, your employment and residence situations, the funds available for down payment, required reserves, and some other things. It's a short, thorough process with minimal risks for papercuts.
Once you qualify, will give you what's called a Pre-Qualification Letter (your real estate agent may call it a "pre-qual"), that states that we are helping you to find the best loan program to fit your situation and that we're confident you'll qualify for a mortgage loan up to a specific amount.
Power in the Pre-Qual
Various beneifits open to you once you find your dream house, and have achieved pre-qualification power. The first is that you can be sure what you'll be able to afford when putting together your offer.
Having pre-qualification also will make your offer more attractive to the home seller, as if you were bringing them a big box of cash! They need not worry that that they're wasting their time if you won't be able to have the ability to qualify for a high enough mortgage. The seller won't be concerned that he can't trust you to qualify for your loan.Your qualifying for the necessary mortgage loan amount will not cause them concern. You will have the clout of a buyer ready to make the purchase right now!
We can help you pre-qualify
When we pre-qualify you, we help you figure out how much of a monthly payment you can afford, and the loan amount you can qualify for. We will do this by reviewing your debts and income, your work and residence situations, your available funds for a down payment, required reserves, and other considerations. It's quick and basic; and we take pride in keeping the paperwork light.
One on one
It is important for you to sit down and talk with us, even though you are welcome to also try the helpful mortgage loan calculators on our site. For one thing, you'll need a Pre-Qualification Letter! Then, we will make sure we have found the right mortgage program for your situation. We are eager to hear from you: call us at 305-967-7200.
Have questions about pre-qualifying? Call us at 305-967-7200. We answer pre-qualification questions every day.