Why it's Important to Pre-Qualify
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Even if you haven't narrowed down homes to view yet, it's advantageous to see your mortgage pro first. What for? When you don't yet know how much house you want to qualify for, what can we help you with?
We Will Help You Pre-Qualify
We can help you determine 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 potential - analyzing your employment, money available for down payment, debts, income, and other circumstances. We require a minimum amount of paperwork, and avoid a lengthy process.
At the point you are determined to be eligible, we document our confidence in your potential to qualify for a loan by awarding you a Pre-Qualification Letter (also known as a "pre-qual").
Power in the Pre-Qual
When you locate the house that is ideal for you, and you want to make an offer, being pre-qualified for a loan will do a number of things. The first is that you can be sure what you can afford when determining the offer.
Being pre-qualified will also make your offer look even better to the seller, as if you were bringing them a suitcase of cash! They need not be concerned that they're wasting their time if you can't be able to qualify for a big enough mortgage. The seller won't worry if he can count on you to qualify for your loan.Your qualifying for the necessary loan amount won't cause them concern. They have a virtual guarantee to trust your ability to back up your offer.
We will help you pre-qualify
We will help you see how much of a mortgage loan you can afford, and the amount of money you may be able to borrow, by taking you through the pre-qualification process. We can accomplish this by analyzing your income and debts, your work and residence situations, your available funds for a down payment, required reserves, and some other things. It's a quick, thorough process with minimal risks for papercuts.
It is important for you to sit down and talk with us, even though you are welcome to also try the helpful mortgage calculator tools on our website. We can work toward your pre-qualification letter. For another thing, we could locate a different mortgage program that better fits your needs. Contact us at (434) 975-5626 to get your pre-qualification process started.
Have questions about pre-qualifying? Call us at (434) 975-5626. Crown Mortgage answers pre-qualifying questions every day.
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