Why Pre-Qualification is Important
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Even if you've not picked out houses to view yet, it can be valuable to see your mortgage loan professional early. What for? Maybe it's difficult to understand the ways we can help even before you start to talk about prices and negotiations.
When we pre-qualify you, we help you figure out how much of a monthly payment you can fit in your budget, and the loan amount you can qualify for. In the process, we calculate your borrowing capacity - reviewing your job, available money for down payment, debt, income, and other circumstances. It is a quick, thorough process with minimal risks for papercuts.
We will award you a Pre-Qualification Letter once you qualify, which says that we are confident you'll qualify for up to a specific amount of mortgage loan dollars.
A number of beneifits open to you when you've found your next house, and have pre-qualification. First, it helps you know how much you can offer.
Of greater importance to the seller, your being pre-qualified is like your having walked into their front door with a suitcase full of money to purchase their home! They won't have to be concerned that they're wasting their time if you will not have the ability to qualify for a high enough mortgage. The seller won't be concerned that he won't be able to trust you to qualify for your mortgage in the amount you will need.Your qualifying for your needed mortgage loan amount will not cause them concern. You have the capability to back your offer up.
We will help you with your pre-qualification
When we pre-qualify you, we help you find out how much of a monthly payment you can afford, and the size of loan you can qualify for. We accomplish this by analyzing your income and debts, your employment and housing situations, the available funds for down payment, required reserves, and some other things. We as for a minimum amount of paperwork, and avoid a lengthy process.
One on one
It's vital for you to sit down and meet with us, even though you are welcome to also utilize the helpful mortgage loan calculator tools on our site. For one thing, you'll want a Pre-Qualification Letter! For another thing, we could be able to find a different mortgage option that fits your goals better. Contact us at (281) 778-0805 to get your pre-qualification process started.
Have questions about pre-qualifying? Call us at (281) 778-0805. We answer pre-qualification questions every day.