The Importance of Pre-Qualifying
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It is important to see a mortgage loan pro first, even before you have determined the kind of home to look for. What for? Perhaps it's hard to understand the ways in which we could help even before you start to talk about prices and negotiations.
When we pre-qualify you, we help you decide how much of a monthly payment you can afford, and the size of loan you can qualify for. This process leads you through your current financial situation - your debts, income, career, and cash available for down payment, among other things. We will ask for a minimum amount of paperwork, and avoid a lengthy process.
We award you a Pre-Qualification Letter if you qualify, that states that we are confident you will qualify for up to a certain amount of mortgage loan dollars.
Armed with your pre-qualification letter, several advantages are yours when you find the home you want to make an offer for. First, you have some concrete numbers in mind, as the amount you will be able to borrow.
Even more important to the seller, your pre-qualification status gives them confidence - as if you had entered their house with a suitcase of cash to back up the offer! They need not worry that they're wasting their time if you can't be able to qualify for a big enough mortgage loan. The seller won't wonder if he can count on you to qualify for your mortgage in the amount you'll need.Your qualifying for your needed mortgage loan amount will not cause them concern. They have a virtual guarantee to trust your ability to back up your offer.
We can help you pre-qualify
We can help you calculate how much of a mortgage loan you can afford, and the amount of money you will be able to borrow, by taking you through the pre-qualification process. The process leads you through your finances - your debts, income, employment, down payment money, among other things. It's quick and to the point; and we keep the paperwork light.
One on one
You can always use the calculators here on this site to get an idea of how much mortgage you can afford - but it's also important to talk with us. We can work toward your pre-qualification letter. Then, we will make sure we have the best mortgage loan program for you. 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.