Get prequalified early so you have buying power when you are ready to make that offer.
Our mortgage professionals can help you determine the loan amount you can qualify for and the monthly mortgage payment amount you can afford by getting you pre-qualified. In the process, we determine your borrowing capacity - reviewing your earning status, money available for down payment, debts, income, and other circumstances. It's short and to the point; We take pride in keeping the paperwork light.
After you are determined to be eligible, we will prove our confidence in your capacity to qualify for a mortgage by presenting you with a Pre-Qualification Letter (also called a "pre-qual").
After you find a house that is right for you, and you want to make an offer, being pre-qualified for a mortgage loan will do a couple of things. First, it helps you know how much you can offer. Even more important to the seller of the home, your pre-qualification status gives them confidence - as if you'd come to their house with a big box of cash to make the offer! They won't need to worry that they're wasting their time if you can't have the ability to qualify for a big enough mortgage loan. The seller of the home won't worry if he can count on you to qualify for your loan.Your qualifying for your needed loan amount will not be something for them to be concerned about. You will have the influence of a buyer ready to make the deal right now!
Let us help you!
Have questions about pre-qualifying? Call us at (334) 285-8850
First Community Mortgage can answers questions.