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Even if you have not so much as picked out houses to view yet, it's valuable to visit with your mortgage pro early. Why? When you don't know yet how much home you need to qualify for, how could we help?
We Will Help You Pre-Qualify
Our mortgage professionals can help you determine the loan amount you can qualify for and the monthly payment amount you can afford by getting you pre-qualified. This process leads you through your finances - your debt, income, employment, and cash available for down payment, among other things. It is a short, thorough process with minimal risks for papercuts.
At the point you are considered eligible, we prove our confidence in your capacity to qualify for a loan by awarding you a Pre-Qualification Letter (also called a "pre-qual").
Power in the Pre-Qual
Once you locate the house that catches your eye, and you want to make an offer, being pre-qualified for a mortgage will do several things. First of all, you have some definite numbers in mind, as the total you will qualify for on your loan.
Of greater importance to the existing home owner, your being pre-qualified is like your having walked into their house with a bag full of cash ready to make the deal! They won't have to wonder if they have been wasting their time if you do not be able to qualify for a big enough mortgage loan. The seller of the home won't be concerned that he won't be able to trust you to qualify for your loan.Your qualifying for your needed loan amount won't cause them concern. They have a virtual guarantee that they can trust your ability to back up your offer.
We will help you with your pre-qualification
We will help you determine the loan amount you can qualify for and the mortgage payment amount you are able to afford by getting you pre-qualified. We accomplish this by reviewing your debts and income, your work and housing situations, your available funds for down payment, required reserves, and some other things. We will ask for a minimum amount of paperwork, and avoid a lengthy process.
You can always use the calculators available on our site to get an idea of how much mortgage you'll be able to afford - but it's also valuable to talk with us. We can walk you through your pre-qualification letter. For another thing, we might find a different mortgage option that better fits your needs. Let us help you get started: Contact us at 952 417 8481.
Have questions about pre-qualifying? Call us at 952 417 8481. It's our job to answer pre-qualification questions, so we're happy to help!