The Importance of Pre-Qualifying
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It is important to bring in your mortgage loan professional as soon as possible — even before you've started to research neighborhoods. What for? If you do not know yet how much house you want to qualify for, what could we do for you?
We Will Help You Pre-Qualify
Our mortgage professionals will help you calculate how much of a loan you can qualify for and the mortgage payment amount you are able to afford by getting you pre-qualified. The process walks you through your finances - your debts, income, career, and cash available for down payment, among other things. It's short and basic; We take pride in keeping the paperwork light.
After you are considered eligible, we will prove our confidence in your ability to qualify for a mortgage loan by giving you a Pre-Qualification Letter (also known as a "pre-qual").
Various beneifits open to you when you have found your new house, and have achieved pre-qualification. The first is that you'll know the amount you can afford when putting together the offer.
Your pre-qualification also will make your offer look even better to the home seller, as if you were bringing them a big box of cash! They will not need to wonder if they have been wasting their time if you don't have the ability to qualify for a high enough mortgage loan. The seller of the home won't be concerned that he can't trust you to qualify for your mortgage in the amount you will need.Your qualifying for your needed mortgage loan amount will not be something for them to worry about. You can have the influence of a buyer ready to make the deal on the spot!
We help with your pre-qualification
When we pre-qualify you, we help you determine the amount you can afford in monthly mortgage payments you can afford, and the loan amount you will qualify for. During the process, we explore your borrowing potential - reviewing your job, available money for down payment, debt, income, and other circumstances. It's quick and basic; and we take pride in keeping the paperwork to a minimum.
One on one
While you are able to use our mortgage calculators on this site, it's a good idea to meet with us. We can walk you through your pre-qualification letter. Next, we can consider your loan options and make sure you have found the best one. We're eager to hear from you: contact us at (334) 285-8850.
Have questions about pre-qualifying? Call us at (334) 285-8850. First Community Bank of Central Al. answers pre-qualifying questions every day.