The Importance of Pre-Qualification
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Even if you have not so much as researched houses to visit yet, it can be valuable to contact your mortgage pro early. Why? When you don't know yet how much house you need to qualify for, what can we help you with?
We Will Help You Pre-Qualify
Our mortgage professionals will help you determine how much of a loan you can qualify for and the monthly mortgage payment amount you can afford by helping you pre-qualify. In this process, we calculate your capacity to borrow - reviewing your employment, available money for down payment, debts, income, and other areas. It's short and to the point; We take pride in keeping the paperwork to a minimum.
When you are determined to be eligible, we document our confidence in your potential to qualify for a mortgage loan by awarding you a Pre-Qualification Letter (also called a "pre-qual").
With your pre-qualification letter, some advantages are yours when you locate the home you want to put together an offer on. First of all, you have some concrete numbers in mind, as the total you can borrow.
Your pre-qualification can also make your offer more attractive to the seller, like you were bringing them a suitcase of cash! They will not need to worry that they are wasting their time if you won't be able to 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 will need.Your qualifying for your needed loan amount will not be something for them to be concerned about. They have a virtual guarantee to trust your ability to back up your offer.
We will help you with your pre-qualification
When we pre-qualify you, we help you decide how much of a monthly mortgage payment you can afford, and the loan amount you can qualify for. This process outlines your finances - your debts, income, career, down payment money, among other things. It is a quick, thorough process with minimal risks for papercuts.
While you can benefit from our mortgage calculators on our website, it will be essential to meet with us. That way, we'll help you get your pre-qualification letter. For another thing, we might locate a different mortgage choice that fits your needs better. We're eager 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!