The Importance of Pre-Qualifying
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It's helpful to see a mortgage loan pro first, even if you haven't decided the kind of house to look for. Why? How can we help before you have negotiated a purchase amount, and don't yet know how much you want to borrow?
We Will Help You Pre-Qualify
We can help determine how much of a mortgage loan you can afford, and how much money you can borrow, by walking you through pre-qualifying. In this process, we determine your capacity to borrow - looking at your employment, available money for down payment, existing debt, income, and other circumstances. It's quick and to the point; We keep the paperwork to a minimum.
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 called a "pre-qual").
A number of advantages open to you once you've found your next house, and have pre-qualification. The first is that you will know what you'll be able to afford when determining the offer. More important to the seller, your being pre-qualified is like your having entered their house with a bag full of money to purchase their home! They will not need to worry that that they have been wasting their time if you do not have the ability to qualify for a big enough mortgage loan. The seller won't be concerned that he won't be able to count on you to qualify for your mortgage in the amount you'll need.Your qualifying for your needed mortgage loan amount won't cause them concern. You'll have the clout of a buyer ready to make the deal on the spot!
We can help you pre-qualify
We can help you determine how much of a loan you can qualify for and the mortgage payment amount you can afford by getting you pre-qualified. We do this by considering your debts and income, your employment and housing situations, the funds available for down payment, required reserves, and some other things. It's a short, thorough process with minimal risks for papercuts.
It is vital for you to sit down and talk with us, even though you are free to also utilize the helpful mortgage calculator tools on our site. We can walk you through your pre-qualification letter. Then, we can make sure we have found the right mortgage loan program for you. Contact us at 325-998-8740 to get your pre-qualification process started.
Have questions about pre-qualifying? Call us at 325-998-8740. It's our job to answer pre-qualification questions, so we're happy to help!