Shopping for a mortgage? We can assist you! Call us at (334) 285-8850. Ready to begin? Apply Here.
It can be helpful to visit with a mortgage professional early, even before you have decided the sort of home to search for. Why? When you don't yet know how much house you want to qualify for, how can we help?
We can help you calculate how much of a mortgage loan you can afford, and how much money you will be able to borrow, by walking you through pre-qualifying. During the process, we calculate your borrowing potential - reviewing your job, money available for down payment, debts, income, and other circumstances. It's a short, thorough process with minimal risks for papercuts.
We award you a Pre-Qualification Letter once you qualify, which states that we're confident you can qualify for a predetermined amount of mortgage loan dollars.
Power in the Pre-Qual
Once you locate the house that catches your eye, and you decide to put together an offer, being pre-qualified for a mortgage loan will do a number of things. The first is that you can be sure the amount you'll be able to afford when determining your offer.
More important to the seller, your being pre-qualified is like your having entered their house with a bag full of cash to purchase the home! They won't need to be concerned they are wasting their time if you won't be able to be able to qualify for a high enough mortgage. 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 mortgage loan amount will not cause them concern. You have the capability to back your offer up.
We help with your pre-qualification
When we pre-qualify you, we help you figure out the amount you can afford in mortgage payments you can fit in your budget, and how much we of a loan you can qualify for. We accomplish this by considering your income and debts, your work and housing situations, the available funds for down payment, required reserves, and some other things. It's short and to the point; and we take pride in keeping the paperwork to a minimum.
You can always use the mortgage calculators available on our website to get an idea of how much mortgage you will be able to afford - but it's also valuable to talk with one of our mortgage professionals. For one thing, you will want a Pre-Qualification Letter! Next, we can consider your mortgage choices to make sure you are in the right one. We are eager to meet with you: call 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.