The Importance of Pre-Qualifying
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It's valuable to consult your mortgage loan professional early — even before you've begun narrowing down neighborhoods. Why? Perhaps it is hard to understand the way we can help even before you begin to calculate your offer.
We Can Help You Pre-Qualify
When we pre-qualify you, we help you determine how much of a monthly payment you can fit in your budget, and the loan amount you will qualify for. In this process, we determine your borrowing potential - reviewing your earning status, available money for down payment, debt, income, and other areas. It's short and basic; We keep the paperwork to a minimum.
After you are determined to be eligible, we document our confidence in your capacity to qualify for a loan by awarding you a Pre-Qualification Letter (also known as a "pre-qual").
Once you locate a house that is best for you, and you decide to make an offer, being pre-qualified for a mortgage loan will do several things. First, you have some general numbers in mind, as the amount you can borrow.
Having pre-qualification can also make your offer look even better to the home seller, as if you were bringing them a bag full of cash! They need not wonder if that they are wasting their time if you will not be able to qualify for a high enough mortgage. The seller of the home won't wonder if he can trust you to qualify for your mortgage in the amount you'll need.Your qualifying for your needed loan amount won't be something for them to fret over. You have the ability to back up your offer.
We can help you pre-qualify
We will help you see how much of a mortgage you can afford, and the amount of money you may be able to borrow, by walking you through pre-qualifying. This process outlines your financial situation - your debts, income, employment, cash available for down payment, among other things. It is a short, thorough process with minimal risks for papercuts.
One on one
While you are encouraged to use our mortgage calculators on this website, it's essential to sit down and talk with us. We can walk you through your pre-qualification letter. For another thing, we could be able to locate a different mortgage program that is a better fit for you. Let us get you started: Call us at (602) 332-9544.
Have questions about pre-qualifying? Call us at (602) 332-9544. Valley Savers Mortgage, LLC answers pre-qualifying questions every day.
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