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Even if you haven't picked out houses to view yet, it's advantageous to contact your mortgage loan professional first. Why? How can we help you if you haven't negotiated a purchase amount, and don't yet know the amount you need to borrow?
We Will Help You Pre-Qualify
Our mortgage professionals will help you find out the loan amount you can qualify for and the monthly mortgage payment amount you are able to afford by getting you pre-qualified. In this process, we determine your borrowing power - looking at your employment, money available for down payment, debts, income, and other circumstances. It's quick and basic; We keep the paperwork to a minimum.
At the point you are determined to be eligible, we document our confidence in your capacity to qualify for a mortgage by giving you a Pre-Qualification Letter (also known as a "pre-qual").
Several advantages open to you after you find your new house, and have achieved pre-qualification power. First of all, you have some definite numbers in mind, as the total you will qualify for on your mortgage.
Even more important to the seller, your pre-qualification gives them confidence - as if you had entered their home with a bag of cash to back up the offer! They need not wonder if that they are wasting their time if you will not be able to qualify for a high enough mortgage. 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 won't cause them concern. You have the sway of a buyer ready to make the deal right now!
We will help you pre-qualify
We can help you calculate how much of a loan you can qualify for and the mortgage payment amount you are able to afford by helping you pre-qualify. We can achieve this by reviewing your income and debts, your work and housing situations, your available funds for a down payment, required reserves, and some other things. It's short and basic; and we take pride in keeping the paperwork light.
Face to Face
You can certainly use the calculators available on this website to calculate how much mortgage you'll be able to afford - but it's also important to meet with us. For one thing, you'll need a Pre-Qualification Letter! Then, we'll make sure we have the ideal mortgage program for your situation. We are waiting to hear from you: contact us at (334) 285-8850.
Have questions about pre-qualifying? Call us at (334) 285-8850. It's our job to answer pre-qualification questions, so we're happy to help!