Why it's Important to Pre-Qualify
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Even if you've not researched homes to visit yet, it's valuable to see your mortgage loan professional early. Why? Perhaps it's difficult to understand the ways in which we could help even before you start to calculate your offer.
We Will Help You Pre-Qualify
We will help you see how much of a mortgage loan you can afford, and the amount of money you can borrow, by walking you through the pre-qualification process. In this process, we determine your borrowing potential - reviewing your earning status, available money for down payment, debt, income, and other areas. It's a quick, thorough process with minimal risks for papercuts.
We give you a Pre-Qualification Letter after you qualify, which says that we are confident you can qualify for a certain amount of mortgage loan dollars.
When you find the house that meets your needs, and you want to make an offer, being pre-qualified for a mortgage loan will do a couple of things. First, it lets you know the amount that you are able to offer.
Being pre-qualified also will make your offer look even better to the seller, like you were bringing them a suitcase of cash! They will not need to worry that they are wasting their time if you don't be able to qualify for a big enough mortgage. The seller of the home won't be concerned that he won't be able to trust you to qualify for your mortgage in the amount you will need.Your qualifying for the necessary mortgage loan amount will not be something for them to lose sleep over. They have a virtual guarantee to trust your ability to back up your offer.
We will help you with your pre-qualification
We can help you find out the loan amount you can qualify for and the monthly payment amount you are able to afford by helping you pre-qualify. We can accomplish this by analyzing your debts and income, your work and residence circumstances, the available funds for down payment, required reserves, and some other things. It's quick and to the point; and we take pride in keeping the paperwork to a minimum.
It is vital for you to sit down and talk with us, even though you are free to also use the helpful mortgage loan calculators on our site. For one thing, you'll want a Pre-Qualification Letter! For another thing, we might locate a different mortgage option that better fits your needs. Let us get you started: Contact us at (972) 292-0448.
Have questions about pre-qualifying? Call us at (972) 292-0448. It's our job to answer pre-qualification questions, so we're happy to help!