The Importance of Pre-Qualifying
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Even if you have not so much as narrowed down homes to visit yet, it's valuable to visit with your mortgage professional early. What for? How can we help you before you have negotiated a purchase amount, and don't yet know how much you need to borrow?
We Will Help You Pre-Qualify
We can help you determine the loan amount you can qualify for and the mortgage payment amount you are able to afford by helping you pre-qualify. During the process, we look at your borrowing power - analyzing your earning status, available money for down payment, existing debt, income, and other areas. It is a quick, thorough process with minimal risks for papercuts.
After you are considered eligible, we document 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
Some advantages open to you when you have found your next house, and have achieved pre-qualification power. First of all, you have some concrete numbers in mind, as the total you will qualify for on your mortgage.
Your pre-qualification also will make your offer look even better to the home seller, as if you were bringing them a big box of cash! They won't need to worry that that they're wasting their time if you do not have the ability 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'll need.Your qualifying for the necessary loan amount will not cause them concern. They have a virtual guarantee to trust your buying power.
We will help you with your pre-qualification
Our mortgage professionals can help you calculate how much of a loan you can qualify for and the monthly payment amount you can afford by getting you pre-qualified. We will achieve this by considering your income and debts, your employment and residence circumstances, the available funds for down payment, required reserves, and some other things. We as for a minimum amount of paperwork, and avoid a lengthy process.
While you can try our tools to calculate mortgage variables on our website, it is essential to sit down and talk with one of our mortgage professional team members. That way, we can help you get your pre-qualification letter. Next, we can consider your mortgage choices and make sure you are in the right one. We're waiting to meet with you: call us at (434) 975-5626.
Have questions about pre-qualifying? Call us at (434) 975-5626. It's our job to answer pre-qualification questions, so we're happy to help!