Why it's Important to Pre-Qualify
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It's valuable to consult your mortgage professional early — even before you have started researching neighborhoods. What for? What can we do for you if you have not made an offer, and do not yet know how much you need to borrow?
We will help you calculate how much of a loan you can qualify for and the monthly mortgage payment amount you are able to afford by helping you pre-qualify. This process takes you through your current financial situation - your debts, income, employment, and down payment money, among other things. We will require a minimum amount of paperwork, and avoid a lengthy process.
When you qualify, will present to you a Pre-Qualification Letter (your real estate agent may refer to it as a "pre-qual"), that documents the fact that we are helping you to find the best loan program to meet your financial needs and that we are confident you will qualify for a mortgage for a certain amount.
Armed with your pre-qualification letter, a number of advantages are yours once you find the house you want to put together an offer for. The first is that you can know what you will be able to afford when calculating your offer.
Having pre-qualification will also make your offer more attractive to the seller, like you were bringing them a bag full of cash! They will not need to wonder if that they have been wasting their time if you can't be able to qualify for a big enough mortgage. The seller won't wonder if he can count on you to qualify for your loan.Your qualifying for the necessary mortgage loan amount will not cause them concern. You have the influence of a buyer ready to make the purchase on the spot!
We will help you pre-qualify
We will help you find out how much of a loan you can qualify for and the monthly mortgage payment amount you are able to afford by helping you pre-qualify. The process outlines your current financial situation - your debts, income, job, down payment money, among other things. It is a short, thorough process with minimal risks for papercuts.
While you can try our mortgage calculators on this site, it will be essential to sit down and talk with one of our mortgage professional team members. We can begin getting your pre-qualification letter. Then, we can make sure we have the ideal mortgage program for you. Let us help you get started: Call us at 952 417 8481.
Have questions about pre-qualifying? Call us at 952 417 8481. We answer pre-qualification questions every day.