Why Pre-Qualification is Important
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It can be valuable to visit with a mortgage professional first, even before you've decided the sort of home you hope to find. What for? If you do not yet know how much house you want to qualify for, what could we do for you?
We Will Help You Pre-Qualify
We can help determine how much of a mortgage you can afford, and how much money you can borrow, by taking you through pre-qualifying. The process walks you through your financial situation - your debt, income, employment, and down payment money, among other things. It's quick and basic; We keep the paperwork to a minimum.
Once you qualify, we present to you what's called a Pre-Qualification Letter (your real estate agent may refer to it as a "pre-qual"), which says that we are helping you to find the best mortgage loan to fit your situation and that we're confident you will qualify for a mortgage for a certain amount.
Power in the Pre-Qual
Armed with your pre-qualification letter, some advantages fall at your feet when you locate the home you want to make an offer on. First of all, you have some definite numbers in mind, as the total you will be able to borrow. Of greater importance to the existing home owner, your pre-qualification is like your having entered their house with a suitcase full of cash to purchase the home! They need not be concerned they are wasting their time if you do not have the ability to qualify for a high enough mortgage loan. The seller won't wonder if he can count on you to qualify for your loan.Your qualifying for your needed mortgage loan amount will not be something for them to fret over. You have the capability to back your offer up.
We help with your pre-qualification
Our mortgage professionals can help you calculate how much of a loan you can qualify for and the mortgage payment amount you are able to afford by helping you pre-qualify. The process outlines your finances - your debts, income, job, cash available for down payment, among other things. It's a short, thorough process with minimal risks for papercuts.
Face to Face
While you can benefit from our tools to calculate mortgage variables on this site, it's a good idea to sit down and talk with us. We can walk you through your pre-qualification letter. For another thing, we may locate a different mortgage program that better fits your needs. Contact us at 713-370-LOAN(5626) to get your pre-qualification process started.