Why Pre-Qualification is Important
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It's important to consult your mortgage loan professional early — even before you have started to consider neighborhoods. What for? If you don't yet know how much house you want to qualify for, how can we help?
We Will Help You Pre-Qualify
When we pre-qualify you, we help you figure out how much of a monthly mortgage payment you can afford, and the size of loan you can qualify for. During the process, we look at your ability to borrow - reviewing your job, money available for down payment, debts, income, and other areas. It's a short, thorough process with minimal risks for papercuts.
We will award you a Pre-Qualification Letter when you qualify, which documents that we are confident you'll qualify for up to a predetermined amount of mortgage loan dollars.
When you locate a house that meets your needs, and you want to make an offer, being pre-qualified for a mortgage will do a couple of things. The first is that you will know what you can afford when calculating your offer.
Even more important to the seller of the home, your pre-qualification gives them certainty - as if you'd entered their house with a bag of cash to make the offer! They will not need to wonder if that they are wasting their time if you won't be able to be able to qualify for a high enough mortgage. The seller won't wonder if he can count on you to qualify for your mortgage in the amount you'll need.Your qualifying for the necessary loan amount will not be something for them to fret over. You have the clout of a buyer ready to make the deal on the spot!
We will help you pre-qualify
We can help you determine how much of a loan you can qualify for and the monthly mortgage payment amount you can afford by getting you pre-qualified. We do this by considering your income and debts, your employment and housing circumstances, your available funds for down payment, required reserves, and other financial considerations. We will ask for a minimum amount of paperwork, and avoid a lengthy process.
It is vital to sit down and talk with us, even though you are welcome to also use the helpful mortgage loan calculator tools on our website. For one thing, you'll want a Pre-Qualification Letter! For another thing, we might find a different mortgage choice that better fits your needs. Contact us at (334) 285-8850 to get started.
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!