Even if you have not picked out homes to view yet, it’s important to visit with your mortgage professional first. What for? It might be difficult to understand the way we could help even before you begin to talk about prices and negotiations.
When we pre-qualify you, we help you find out the amount in monthly mortgage payments you can afford, and the loan amount you will qualify for. The process walks you through your finances – your debts, income, job, and cash available for down payment, among other things. We will require a minimum amount of paperwork, and avoid a lengthy process.
We will give you a Pre-Qualification Letter once you qualify, which states that we’re confident you can qualify for a certain amount of mortgage loan dollars.
With your pre-qualification letter, some advantages fall at your feet once you locate the house you want to make an offer on. First, you have some general numbers in mind, as the total you will be able to borrow. Even more important to the present owner, your pre-qualification status gives them certainty – as if you had come into their home with a bag of cash to back up the offer! They will not have to worry that that they are wasting their time if you can’t be able to qualify for a high enough mortgage loan. The seller won’t be concerned that he won’t be able to trust you to qualify for your loan.Your qualifying for the necessary mortgage loan amount will not cause them concern. You have the capability to back your offer up.
We can help you determine 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 current financial situation – your debt, income, employment, down payment money, among other things. It’s quick and to the point; and we keep the paperwork to a minimum.
It is vital for you to sit down and meet with us, even though you are free to also try the helpful mortgage loan calculator tools on this site. For one thing, you’ll want a Pre-Qualification Letter! For another thing, we might locate a different mortgage program that better fits your needs. We are eager to meet with you: contact us at (843) 444-LOAN (5626).