The Importance of Pre-Qualification
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It is helpful to bring in your mortgage professional as soon as possible — even before you've begun narrowing down neighborhoods. Why? If you don't yet know how much house you want to qualify for, what can we help you with?
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 pre-qualifying. We achieve this by reviewing your debts and income, your employment and housing circumstances, your available funds for down payment, required reserves, and other considerations. We will ask for a minimum amount of paperwork, with a short,basic process.
We'll award you a Pre-Qualification Letter once you qualify, that states that we are confident you'll qualify for up to a certain amount of mortgage dollars.
Some advantages open to you once you've found your dream house, and have achieved pre-qualification. First of all, you have some concrete numbers in mind, as the total you can borrow.
More important to the existing home owner, your pre-qualification is like your having entered their house with a bag full of money to make the deal! They will not need to wonder if that they're wasting their time if you do not be able to qualify for a big enough mortgage loan. The seller won't be concerned that he won't be able to count on you to qualify for your mortgage in the amount you will need.Your qualifying for your needed loan amount won't cause them concern. You can have the influence of a buyer ready to make the deal right now!
We will help you with your pre-qualification
When we pre-qualify you, we help you decide how much of a monthly mortgage payment you can afford, and the loan amount you can qualify for. In this process, we determine your borrowing potential - reviewing your earning status, available money for down payment, debts, income, and other circumstances. It's quick and to the point; and we keep the paperwork to a minimum.
One on one
While you can use our mortgage calculators on this website, it will be essential to sit down and talk with us. We can begin getting your pre-qualification letter. For another thing, we could locate a different mortgage loan option that is a better fit for you. Let us get you started: Contact us at (602) 332-9544.
Have questions about pre-qualifying? Call us at (602) 332-9544. We answer pre-qualification questions every day.