The Importance of Pre-Qualification
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Even if you haven't picked out homes to visit yet, it's advantageous to visit with your mortgage loan professional first. Why? It may be hard to fathom how we can help even before you start to negotiate.
We will help you calculate how much of a mortgage you can afford, and how much money you will be able to borrow, by walking you through the pre-qualification process. The process leads you through your finances - your debt, income, job, and cash available for down payment, among other things. It's a quick, thorough process with minimal risks for paper cuts.
After you are considered eligible, we will prove our confidence in your potential to qualify for a mortgage by presenting you with a Pre-Qualification Letter (also called a "pre-qual").
Power in the Pre-Qualification
A number of benefits open to you after you find your new house, and have achieved pre-qualification. First, it lets you know how much you can offer.
Your pre-qualification can also make your offer more attractive to the home seller, like you were bringing them a big box of cash! They will not need to wonder if they're wasting their time if you will not be able to qualify for a big enough mortgage. The seller won't be concerned that he can't trust you to qualify for your loan.Your qualifying for your needed mortgage loan amount will not cause them concern. You have the capability to back up your offer.
We help with your Pre-Qualification
When we pre-qualify you, we help you decide how much of a monthly mortgage payment you can afford, and how much we of a loan you will qualify for. In the process, we look at your capacity to borrow - reviewing your job, money available for down payment, existing debt, income, and other circumstances. It's a short, thorough process with minimal risks for papercuts.
One on one
It is vital for you to sit down and meet with us, even though you are free to also utilize the helpful mortgage loan calculators on our site. That way, we'll be able to help you get your pre-qualification letter. Next, we can study your mortgage loan choices and be sure you are in the right one. Let us help you get started: Contact us at .
Have questions about pre-qualifying for a home loan? Call us at 919-614-0388. It's our job to answer all of your pre-qualification questions. We're happy to help!