Why Pre-Qualification is Important
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Even if you haven't researched houses to visit yet, it's important to see your mortgage loan professional early. What for? If you don't know yet how much house you want to qualify for, how could we help?
We Will 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 walking you through the pre-qualification process. In the process, we explore your borrowing potential - analyzing your job, money available for down payment, debt, income, and other circumstances. It's quick and to the point; We keep the paperwork light.
After you qualify, we give you a Pre-Qualification Letter (your real estate agent may refer to it as a "pre-qual"), which says that we are partnering with you to find the right mortgage loan to fit your needs and that we are confident you will qualify for a mortgage up to a certain amount.
Power in the Pre-Qual
Once you locate a house that catches your eye, and you decide to make an offer, being pre-qualified for a mortgage will do a couple of things. First, you have some general numbers in mind, as the amount you will qualify for with your mortgage loan.
More important to the seller, your being pre-qualified is like your having entered their house with a bag full of cash ready to purchase the house! They will not need to be concerned they're wasting their time if you will not 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 loan.Your qualifying for your needed loan amount won't be something for them to worry about. You have the ability to back your offer up.
We will help you pre-qualify
We will help you determine how much of a loan you can qualify for and the monthly payment amount you are able to afford by helping you pre-qualify. During the process, we explore your borrowing power - reviewing your employment, money available for down payment, existing debt, income, and other circumstances. It's quick and to the point; and we take pride in keeping the paperwork light.
Face to Face
You can always use the mortgage calculators on our website to get an idea of how much mortgage you'll be able to afford - but it's also valuable to meet with one of our mortgage professionals. That way, we'll help you get your pre-qualification letter. For another thing, we could find a different mortgage program that better fits your needs. Let us get you started: Contact us at (985) 429-1770.
Have questions about pre-qualifying? Call us at (985) 429-1770. It's our job to answer pre-qualification questions, so we're happy to help!