When to Speak to a Mortgage Professional
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It can be valuable to visit with a mortgage professional early, even if you haven't settled on the kind of home you hope to find. What for? Perhaps it is hard to fathom how we can help even before you start to negotiate.
We Can Help You Pre-Qualify
When we pre-qualify you, we help you decide how much of a monthly mortgage payment you can afford, and the loan amount you will qualify for. The process outlines your current financial situation - your debt, income, career, and down payment money, among other things. We require a minimum amount of paperwork, and avoid a lengthy process.
Once you are determined to be eligible, we prove our confidence in your capacity to qualify for a mortgage by giving you a Pre-Qualification Letter (also known as a "pre-qual").
Power in the Pre-Qual
Armed with your pre-qualification letter, a number of advantages fall at your feet when you find the house you want to make an offer on. The first is that you'll know what you can afford when calculating your offer.
Having pre-qualification will also make your offer look even better to the seller, as if you were bringing them a suitcase full of cash! They will not need to wonder if that they are wasting their time if you do not have the ability to qualify for a high enough mortgage. The seller won't wonder if he can count on you to qualify for your loan.Your qualifying for your needed loan amount won't be something for them to lose sleep over. You have the ability to back up your offer.
We can help you pre-qualify
We can help you see how much of a mortgage you can afford, and the amount of money you will be able to borrow, by walking you through pre-qualifying. During this process, we explore your capacity to borrow - analyzing your employment, available money for down payment, existing debt, income, and other circumstances. It is a quick, thorough process with minimal risks for papercuts.
It is important to sit down and meet with us, even though you are free to also use the helpful mortgage loan calculator tools on our site. That way, we will be able to help you get your pre-qualification letter. Next, we can study your mortgage loan options and make sure you are in the right one. Contact us at (334) 285-8850 to get your pre-qualification process started.
Have questions about pre-qualifying? Call us at (334) 285-8850. We answer pre-qualification questions every day.