The Importance of Pre-Qualifying
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Even if you haven't picked out homes to visit yet, it can be valuable to visit with your mortgage loan professional early. What for? How can we help you if you haven't negotiated a purchase amount, and don't know yet how much you want to borrow?
We Will Help You Pre-Qualify
Our mortgage professionals can help you find out how much of a loan you can qualify for and the monthly mortgage payment amount you are able to afford by getting you pre-qualified. This process leads you through your current financial situation - your debts, income, job, and down payment money, among other things. It is a short, thorough process with minimal risks for papercuts.
After you are determined to be eligible, we will prove our confidence in your potential to qualify for a mortgage loan by presenting you with a Pre-Qualification Letter (also known as a "pre-qual").
With your pre-qualification letter, several advantages are yours when you locate the house you want to make an offer on. The first is that you can know the amount you can afford when determining your offer.
Of greater importance to the seller, your being pre-qualified is like your having walked into their house with a suitcase full of money to purchase their home! They won't need to wonder if that they are wasting their time if you do not 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 will need.Your qualifying for your needed mortgage loan amount won't be something for them to lose sleep over. You will have the clout of a buyer ready to make the deal on the spot!
We help with your pre-qualification
When we pre-qualify you, we help you find out the amount you can afford in mortgage payments you can afford, and the loan amount you will qualify for. We will achieve this by analyzing your debts and income, your employment and residence circumstances, your funds available for a down payment, required reserves, and some other things. It's short and basic; and we keep the paperwork to a minimum.
While you can benefit from our mortgage calculators on this site, it is essential to meet with one of our mortgage professional team members. For one thing, you will want a Pre-Qualification Letter! Then, we will make sure we have the best mortgage program for you. We're eager to meet with you: call us at 7133252099.
Have questions about pre-qualifying? Call us at 7133252099. Turnkey Mortgage Group - NMLS#70160
David Yeary, Mortgage Loan Originator NMLS#1837725 answers pre-qualifying questions every day.