Why it's Important to Pre-Qualify
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It's helpful to visit with a mortgage professional early, even if you haven't decided what sort of home you hope to find. What for? It might be hard to understand the ways in which we could help even before you begin to calculate your offer.
We will help you see how much of a mortgage loan you can afford, and how much money you can borrow, by walking you through pre-qualifying. The process takes you through your finances - your debt, income, job, and down payment money, among other things. We will require a minimum amount of paperwork, and avoid a lengthy process.
We'll award you a Pre-Qualification Letter once you qualify, which states that we're confident you will qualify for up to a predetermined amount of mortgage loan dollars.
Some advantages open to you once you've found your next house, and have pre-qualification power. The first is that you will know the amount you can afford when determining your offer.
More important to the home seller, your being pre-qualified is like your having walked into their house with a bag full of money ready to make the deal! They won't need to be concerned that they're wasting their time if you don't be able to qualify for a big enough mortgage. 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 the necessary loan amount won't be something for them to fret over. You have the ability to back your offer up.
We can help you pre-qualify
We will help you calculate how much of a mortgage you can afford, and how much money you may be able to borrow, by taking you through the pre-qualification process. We will do this by reviewing your income and debts, your employment and housing situations, your available funds for a down payment, required reserves, and other financial considerations. We will ask for a minimum amount of paperwork, with a short, basic process.
While you can try our tools to calculate mortgage variables on this website, it will be a good idea to meet with us. That way, we will help you get your pre-qualification letter. Then, we'll make sure we have selected the ideal mortgage program for your situation. Let us get you started: Contact us at (281) 778-0805.
Have questions about pre-qualifying? Call us at (281) 778-0805. It's our job to answer pre-qualification questions, so we're happy to help!