In the market for a new mortgage? We can help! Call us at 4693224391. Want to get started? Apply Now.
It is valuable to consult your mortgage professional as soon as possible — even before you've started to consider neighborhoods. What for? How can we help if you have not made your offer, and don't yet know how much you want to borrow?
We Can Help You Pre-Qualify
When we pre-qualify you, we help you determine the amount in monthly mortgage payments you can afford, and the size of loan you can qualify for. We accomplish this by considering your debts and income, your work and residence situations, your funds available for down payment, required reserves, and some other things. We will ask for a minimum amount of paperwork, and avoid a lengthy process.
After you qualify, we give you what's called a Pre-Qualification Letter (your real estate agent might refer to it as a "pre-qual"), that states that we are working with you to find the right mortgage loan program to meet your situation and that we are confident you will qualify for a mortgage loan up to a certain amount.
Armed with your pre-qualification letter, some advantages are yours once you find the house you want to put together an offer for. First, it lets you know how much you are able to offer.
Even more important to the existing owner, your pre-qualification status gives them confidence - as if you had arrived at their house with a bag of cash to make the offer! They will not need to worry that that they are wasting their time if you don't have the ability to qualify for a high enough mortgage loan. The seller won't be concerned that he won't be able to count on you to qualify for your mortgage in the amount you'll need.Your qualifying for the necessary mortgage loan amount won't be something for them to be concerned about. You can have the sway of a buyer ready to make the deal right now!
We will help you with your pre-qualification
We will help determine how much of a mortgage you can afford, and how much money you may be able to borrow, by taking you through the pre-qualification process. We achieve this by considering your debts and income, your employment and housing circumstances, your available funds for a down payment, required reserves, and other financial considerations. We will require a minimum amount of paperwork, with a short, basic process.
It's vital to sit down and talk with us, even though you are free to also utilize the helpful mortgage loan calculators on our website. That way, we will help you get your pre-qualification letter. Then, we'll make sure we have the best mortgage program for your situation. We are eager to meet with you: call us at 4693224391.
Have questions about pre-qualifying? Call us at 4693224391. My Mortgage Option answers pre-qualifying questions every day.