Why Pre-Qualification is Important
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It is important to visit with a mortgage professional first, even if you haven't settled on the sort of home you hope to find. Why? When you don't know yet how much house you need to qualify for, what can we do for you?
We Will Help You Pre-Qualify
We can help determine how much of a mortgage loan you can afford, and how much money you can borrow, by taking you through pre-qualifying. This process walks you through your financial situation - your debts, income, job, and cash available for down payment, among other things. It is a short, thorough process with minimal risks for papercuts.
We will award you a Pre-Qualification Letter if you qualify, that documents that we are confident you'll qualify for up to a certain amount of mortgage loan dollars.
With your pre-qualification letter, several advantages are yours once you locate the house you want to put together an offer on. First, it lets you know how much you're able to offer.
Even more important to the seller of the home, your pre-qualification letter gives them certainty - as if you had arrived at their house with a suitcase of cash to back up the offer! They will not need to be concerned they are wasting their time if you don't have the ability to qualify for a big enough mortgage loan. The seller of the home won't worry if he can trust you to qualify for your loan.Your qualifying for the necessary mortgage loan amount will not be something for them to lose sleep over. You will have the influence of a buyer ready to make the deal right now!
We can help you pre-qualify
When we pre-qualify you, we help you decide how much of a monthly mortgage payment you can afford, and the loan amount you will qualify for. This process outlines your current financial situation - your debt, income, career, cash available for down payment, among other things. It is a short, thorough process with minimal risks for papercuts.
One on one
While you are able to benefit from our tools to calculate mortgage variables on this site, it is a good idea to sit down and talk with one of our mortgage professional team members. That way, we will be able to help you get your pre-qualification letter. Then, we will make sure we have the right mortgage loan program for your situation. Contact us at (334) 285-8850 to get your pre-qualification process started.
Have questions about pre-qualifying? Call us at (334) 285-8850. We answer pre-qualification questions every day.