The Importance of Pre-Qualification
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It's helpful to see a mortgage professional first, even before you have determined the sort of house to search for. Why? When you do not know yet how much home you want to qualify for, what can we help you with?
We Will Help You Pre-Qualify
When we pre-qualify you, we help you figure out the amount in mortgage payments you can fit in your budget, and the size of loan you will qualify for. This process leads you through your finances - your debt, income, career, and down payment money, among other things. We will require a minimum amount of paperwork, with a short,basic process.
After you are determined to be eligible, we prove our confidence in your potential to qualify for a mortgage by presenting you with a Pre-Qualification Letter (also known as a "pre-qual").
Armed with your pre-qualification letter, a number of advantages fall at your feet when you locate the home you want to put together an offer for. First, it helps you know how much you're able to offer.
Your pre-qualification also will make your offer more attractive to the home seller, like you were bringing them a bag full of cash! They will not have to be concerned they have been wasting their time if you don't be able to qualify for a high enough mortgage. The seller won't be concerned that he can't count on you to qualify for your loan.Your qualifying for your needed loan amount won't cause them concern. You have the ability to back up your offer.
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. In this process, we explore your borrowing capacity - looking at your employment, money available for down payment, debt, income, and other circumstances. It's a short, thorough process with minimal risks for papercuts.
While you are able to benefit from our tools to calculate mortgage variables on our website, it is a good idea to meet with one of our mortgage professional team members. That way, we'll help you get your pre-qualification letter. Next, we can consider your mortgage program options to make sure you have found the right one. Let us get you started: Contact us at (334) 285-8850.
Have questions about pre-qualifying? Call us at (334) 285-8850. We answer pre-qualification questions every day.