The Importance of Pre-Qualifying
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It is valuable to visit with a mortgage loan pro first, even if you haven't decided what type of house you hope to find. Why? Perhaps it's difficult to understand the way we can help even before you begin to calculate your offer.
We will help you calculate the loan amount you can qualify for and the monthly payment amount you are able to afford by helping you pre-qualify. The process outlines your finances - your debts, income, employment, and cash available for down payment, among other things. We will require a minimum amount of paperwork, and avoid a lengthy process.
We give you a Pre-Qualification Letter if you qualify, which states that we're confident you'll qualify for a predetermined amount of mortgage loan dollars.
Armed with your pre-qualification letter, several advantages fall at your feet once you locate the home you want to make an offer for. First, it helps you know how much you can offer.
Of greater importance to the seller, your being pre-qualified is like your having walked into their front door with a suitcase full of money ready to purchase their home! They need not wonder if that they're wasting their time if you can't have the ability to qualify for a big enough mortgage. The seller of the home won't be concerned that he can't count on you to qualify for your loan.Your qualifying for your needed mortgage loan amount won't cause them concern. You have the capability to back your offer up.
We help with your pre-qualification
We can help determine how much of a mortgage you can afford, and the amount of money you will be able to borrow, by walking you through pre-qualifying. We accomplish this by considering your income and debts, your work and residence situations, the available funds for down payment, required reserves, and some other things. It is a quick, thorough process with minimal risks for papercuts.
While you are encouraged to benefit from our mortgage calculators on our site, it is a good idea to sit down and talk with us. That way, we'll be able to help you get your pre-qualification letter. For another thing, we might locate a different mortgage loan option that fits your situation better. Let us help you get started: Call 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!