Why it's Important to Pre-Qualify
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It can be helpful to see a mortgage professional first, even if you haven't decided the kind of home you hope to find. What for? Maybe it is hard to understand the ways we can help even before you start to talk about prices and negotiations.
Our mortgage professionals can help you calculate the loan amount you can qualify for and the mortgage payment amount you can afford by getting you pre-qualified. We achieve this by reviewing your debts and income, your employment and residence circumstances, your funds available for a down payment, required reserves, and some other things. We will ask for a minimum amount of paperwork, with a short,basic process.
We give you a Pre-Qualification Letter when you qualify, that documents that we're confident you will qualify for a predetermined amount of mortgage loan dollars.
Armed with your pre-qualification letter, some advantages are yours when you locate the house you want to make an offer on. First of all, you have some definite numbers in mind, as the amount you will qualify for on your loan.
More important to the existing home owner, your being pre-qualified is like your having entered their house with a bag full of money to purchase their house! They will not need to wonder if that they are wasting their time if you will not be able to qualify for a big enough mortgage. The seller won't be concerned that he can't count on you to qualify for your mortgage in the amount you'll need.Your qualifying for your needed mortgage loan amount will not be something for them to lose sleep over. You have the ability to back your offer up.
We will help you with your pre-qualification
We can help you calculate how much of a mortgage you can afford, and the amount of money you may be able to borrow, by walking you through the pre-qualification process. In the process, we determine your capacity to borrow - analyzing your employment, money available for down payment, debt, income, and other areas. We will ask for a minimum amount of paperwork, with a short, basic process.
One on one
It is important to sit down and talk with us, even though you are welcome to also utilize the helpful mortgage calculators on this site. That way, we will help you get your pre-qualification letter. Then, we'll make sure we have the best mortgage loan program for you. We are waiting to hear from you: contact us at 952 417 8481.
Have questions about pre-qualifying? Call us at 952 417 8481. We answer pre-qualification questions every day.