Why it's Important to Pre-Qualify
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It's helpful to consult with your mortgage professional as soon as possible — even before you have begun narrowing down neighborhoods. What for? Maybe it's difficult to fathom the way we can help even before you start to talk about prices and negotiations.
We Can Help You Pre-Qualify
When we pre-qualify you, we help you find out how much of a monthly payment you can fit in your budget, and the loan amount you can qualify for. We can achieve this by reviewing your income and debts, your employment and residence circumstances, the funds available for a down payment, required reserves, and some other things. It is a short, thorough process with minimal risks for papercuts.
Once you qualify, we present to you what's called a Pre-Qualification Letter (your real estate agent may call it a "pre-qual"), which states that we are helping you to find the right mortgage to fit your needs and that we are confident you will qualify for a mortgage loan for a specific amount.
Some advantages open to you once you've found your dream house, and have pre-qualification. The first is that you can be sure the amount you'll be able to afford when determining your offer.
More important to the existing home owner, your being pre-qualified is like your having walked into their front door with a suitcase full of cash to purchase the house! They won't need to worry that they're 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 loan.Your qualifying for your needed mortgage loan amount will not be something for them to fret over. You have the capability to back up your offer.
We help with your pre-qualification
When we pre-qualify you, we help you decide the amount you can afford in monthly mortgage payments you can afford, and the loan amount you can qualify for. This process takes you through your current financial situation - your debts, income, employment, down payment money, among other things. It is a quick, thorough process with minimal risks for papercuts.
Face to Face
While you are encouraged to benefit from our tools to calculate mortgage variables on this website, it will be a good idea to meet with us. For one thing, you'll want a Pre-Qualification Letter! Then, we'll make sure we have the best mortgage program for your situation. We're waiting to meet with you: call us at (281) 778-0805.
Have questions about pre-qualifying? Call us at (281) 778-0805. We answer pre-qualification questions every day.