The Importance of Pre-Qualifying
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It is helpful to consult with your mortgage professional early — even before you have started researching neighborhoods. What for? It might be difficult to fathom the ways we could help even before you begin to calculate your offer.
We Can Help You Pre-Qualify
We will help you find out the loan amount you can qualify for and the mortgage payment amount you can afford by getting you pre-qualified. We achieve this by reviewing your income and debts, your employment and residence situations, the available funds for down payment, required reserves, and other financial considerations. It is a short, thorough process with minimal risks for papercuts.
Once you are considered eligible, we prove our confidence in your capacity to qualify for a loan by awarding you a Pre-Qualification Letter (also called a "pre-qual").
Power in the Pre-Qual
Various advantages open to you once you find your dream house, and have pre-qualification. First, it helps you know how much you can offer.
Of greater importance to the current home owner, your being pre-qualified is like your having walked into their house with a suitcase full of money ready to purchase their house! They won't have to be concerned that they're wasting their time if you will not be able to qualify for a big enough mortgage. The seller of the home won't worry if he can count on you to qualify for your loan.Your qualifying for your needed mortgage loan amount won't be something for them to lose sleep over. They have a virtual guarantee that they can trust your buying power.
We can help you pre-qualify
We will help you calculate how much of a loan you can qualify for and the monthly mortgage payment amount you can afford by helping you pre-qualify. During this process, we look at your borrowing capacity - looking at your employment, money available for down payment, existing debt, income, and other circumstances. It's quick and basic; and we keep the paperwork to a minimum.
Face to Face
You can certainly use the calculators available on this website to calculate how much mortgage you will be able to afford - but it's also essential to talk with us. That way, we'll be able to help you get your pre-qualification letter. Then, we will make sure we have found the right mortgage loan program for your situation. We are eager to meet with you: contact us at (434) 975-5626.
Have questions about pre-qualifying? Call us at (434) 975-5626. Crown Mortgage answers pre-qualifying questions every day.
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