When To Get Qualified
Even if you've not picked out homes to visit yet, it is important to check in with your mortgage professional first. Why? It might be hard to fathom how we can help even before you start to talk about prices and negotiations.
We can help you calculate the loan amount you qualify for and the monthly payment you can afford by helping you pre-qualify. In this process, we determine your ability to borrow - analyzing your employment, available money for down payment, debts, income, and other circumstances. It's a quick, thorough process with minimal risks for papercuts.
We will give you a Pre-Qualification Letter that states that we are confident you'll qualify for a specific amount of mortgage dollars.
A number of benefits open to you after you find your dream house and have achieved pre-qualification. First you have some concrete numbers in mind: the mortgage loan amount you will qualify for. Even more important to the existing owner, your pre-qualification status gives them certainty - as if you had come into their house with a suitcase of cash to back up the offer! The seller of the home won't worry if he can count on you to qualify for your loan. They have a virtual guarantee of your buying power.
You can always use the calculators on this site to get an idea of how much mortgage you will be able to afford, but it's also important to meet with one of our mortgage professionals. That way, we'll be able to help you get your pre-qualification letter. Then, we'll make sure we have the right mortgage loan program for your situation. Let us help you get started: Call us at 800.923.0031.
Have questions about pre-qualifying? Call us at 800.923.0031.