Are you looking for a mortgage? We'd be thrilled to talk about our mortgage offerings! Call us at (334) 285-8850. Ready to begin? Apply Online Now.
Even if you've not so much as picked out houses to view yet, it's valuable to visit with your mortgage loan professional early. What for? When you do not yet know how much home you need to qualify for, how could we help?
We can help determine how much of a mortgage you can afford, and the amount of money you may be able to borrow, by walking you through the pre-qualification process. During the process, we determine your borrowing potential - analyzing your employment, available money for down payment, existing debt, income, and other circumstances. It's a short, thorough process with minimal risks for papercuts.
Once you qualify, will give you a Pre-Qualification Letter (your real estate agent may call it a "pre-qual"), that states that we are helping you to find the best loan program to fit your financial needs and that we're confident you'll qualify for a loan for a specific amount.
Power in the Pre-Qual
Various beneifits open to you after you have found your new house, and have achieved pre-qualification power. First of all, you have some concrete numbers in mind, as the total you will qualify for with your mortgage.
Of greater importance to the home seller, your being pre-qualified is like your having entered their house with a suitcase full of money to make the deal! 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 wonder if he can trust you to qualify for your mortgage in the amount you will need.Your qualifying for your needed loan amount will not cause them concern. You'll have the sway of a buyer ready to make the deal right now!
We will help you pre-qualify
We can help you calculate 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, employment, down payment money, among other things. It's quick and basic; and we keep the paperwork to a minimum.
While you can try our tools to calculate mortgage variables on our site, it will be essential to meet with us. We can work toward your pre-qualification letter. For another thing, we may find a different mortgage choice that better fits your needs. 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.