Why it's Important to Pre-Qualify
Shopping for a mortgage loan? We will be glad to help! Give us a call at (334) 285-8850. Want to get started? Apply Here.
It's valuable to see a mortgage loan pro first, even before you've determined what sort of house to look for. Why? It may be hard to fathom the ways in which we could help even before you start to negotiate.
We will help determine how much of a mortgage you can afford, and how much money you will be able to borrow, by walking you through pre-qualifying. The process outlines your financial situation - your debt, income, career, and cash available for down payment, among other things. We will ask for a minimum amount of paperwork, with a short,basic process.
We will award you a Pre-Qualification Letter once you qualify, which says that we are confident you will qualify for up to a certain amount of mortgage dollars.
Once you locate the house that meets your needs, and you want to put together an offer, being pre-qualified for a mortgage loan will do a couple of things. First, you have some general numbers in mind, as the amount you will be able to borrow.
Even more important to the seller of the home, your pre-qualification gives them certainty - as if you'd entered their home with a bag of cash to back up the offer! They will not have to worry that that they have been wasting their time if you will not have the ability to qualify for a high enough mortgage loan. The seller of the home won't be concerned that he can't count on you to qualify for your mortgage in the amount you'll need.Your qualifying for your needed loan amount will not cause them concern. They have a virtual guarantee to trust your ability to back up your offer.
We can help you pre-qualify
We can help you calculate how much of a mortgage loan you can afford, and the amount of money you can borrow, by taking you through pre-qualifying. In this process, we calculate your ability to borrow - reviewing your job, available money for down payment, existing debt, income, and other areas. It's quick and basic; and we take pride in keeping the paperwork to a minimum.
One on one
While you can try our mortgage calculators on our site, it will be a good idea to meet with us. For one thing, you will want a Pre-Qualification Letter! Then, we will make sure we have the right mortgage loan program for your situation. We're waiting to hear from you: 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!