Why Pre-Qualification is Important
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It's important to consult with your mortgage professional early — even before you have begun researching neighborhoods. What for? It might be hard to fathom how we can help even before you begin to calculate your offer.
We Will Help You Pre-Qualify
We will help you calculate how much of a mortgage loan you can afford, and how much money you can borrow, by taking you through the pre-qualification process. In this process, we calculate your borrowing potential - reviewing your earning status, money available for down payment, debt, income, and other areas. It's short and to the point; We take pride in keeping the paperwork to a minimum.
Once you qualify, we give 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 ideal loan to meet your needs and that we're confident you'll qualify for a mortgage loan for up to a certain amount.
Power in the Pre-Qual
Holding your pre-qualification letter, some advantages are yours once you find the house you want to put together an offer on. First, you have some definite numbers in mind, as the amount you can borrow.
Even more important to the seller of the house, your pre-qualification gives them certainty - as if you had arrived at their home with a bag of cash to make the offer! They need not wonder if they have been wasting their time if you will not be able to qualify for a high enough mortgage. The seller won't wonder if he can trust 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 worry about. You have the ability to back up your offer.
We can help you pre-qualify
Our mortgage professionals can help you calculate the loan amount you can qualify for and the mortgage payment amount you are able to afford by helping you pre-qualify. The process outlines your finances - your debt, income, employment, cash available for down payment, among other things. We as for a minimum amount of paperwork, and avoid a lengthy process.
One on one
You can certainly use the calculators here on this site to get an idea of how much mortgage you can afford - but it's also valuable to talk with us. That way, we'll help you get your pre-qualification letter. Then, we can 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.