Why Pre-Qualification is Important
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It is helpful to bring in your mortgage loan professional as soon as possible — even before you have started to research neighborhoods. What for? If you don't know yet how much house you need to qualify for, how can we help?
We Can Help You Pre-Qualify
We can help you calculate how much of a mortgage loan you can afford, and how much money you can borrow, by taking you through pre-qualifying. The process outlines your finances - your debt, income, career, and down payment money, among other things. It's quick and to the point; We keep the paperwork light.
Once you are determined to be eligible, we prove our confidence in your potential to qualify for a loan by giving you a Pre-Qualification Letter (also called a "pre-qual").
After you locate a house that catches your eye, and you want to make an offer, being pre-qualified for a loan will do a number of things. First, you have some concrete numbers in mind, as the total you will qualify for on your mortgage loan.
Being pre-qualified will also make your offer more attractive to the seller, like you were bringing them a suitcase of cash! They will not need to worry that that they are wasting their time if you will not have the ability to qualify for a big enough mortgage loan. The seller of the home won't be concerned that he can't trust you to qualify for your loan.Your qualifying for the necessary loan amount won't be something for them to lose sleep over. You will have the clout of a buyer ready to make the deal right now!
We will help you pre-qualify
Our mortgage professionals will help you determine how much of a loan you can qualify for and the monthly payment amount you are able to afford by getting you pre-qualified. During the process, we look at your capacity to borrow - looking at your employment, money available for down payment, existing debt, income, and other areas. We will require a minimum amount of paperwork, and avoid a lengthy process.
Face to Face
It's vital for you to sit down and talk with us, even though you are welcome to also utilize the helpful mortgage loan calculators on this site. We can work toward your pre-qualification letter. For another thing, we may find a different mortgage option that better fits your needs. Contact us at (334) 285-8850 to get started.
Have questions about pre-qualifying? Call us at (334) 285-8850. We answer pre-qualification questions every day.