When to Talk to a Mortgage Professional
In the market for a mortgage? We'd be thrilled to answer your questions about our many mortgage solutions! Give us a call today at 469-640-0400. Ready to get started? Apply Online Now.
It's important to visit with a mortgage loan pro early, even before you have determined the kind of home to search for. Why? When you do not yet know how much home you want to qualify for, what can we do for you?
We Can Help You Pre-Qualify
When we pre-qualify you, we help you determine how much of a monthly mortgage payment you can afford, and the loan amount you will qualify for. We do this by analyzing your income and debts, your employment and housing situations, the available funds for down payment, required reserves, and other considerations. We will ask for a minimum amount of paperwork, with a quick process.
When you qualify, we give you what's called a Pre-Qualification Letter (your real estate agent might call it a "pre-qual"), which documents the fact that we are helping you to find the best mortgage to meet your needs and that we are confident you will qualify for a mortgage loan for a certain amount.
Power in the Pre-Qual
Once you find the house that catches your eye, and you want to make an offer, being pre-qualified for a mortgage will do a couple of things. First of all, you have some general numbers in mind, as the total you can borrow.
Being pre-qualified also will make your offer more attractive to the home seller, as if you were bringing them a bag full of cash! They won't need to be concerned that they're wasting their time if you do not have the ability to qualify for a high enough mortgage loan. The seller of the home won't be concerned that he can't count on you to qualify for your loan.Your qualifying for the necessary loan amount won't be something for them to be concerned about. You have the capability to back up your offer.
We will help you pre-qualify
We can help determine how much of a mortgage loan you can afford, and how much money you may be able to borrow, by taking you through the pre-qualification process. This process takes you through your finances - your debt, income, career, down payment money, among other things. We will require a minimum amount of paperwork, and avoid a lengthy process.
One on one
While you are able to use our mortgage calculators on our site, it's a good idea to sit down and talk with one of our mortgage professional team members. That way, we'll help you get your pre-qualification letter. Then, we can make sure we have selected the right mortgage loan program for you. Let us help you get started: Contact us at 469-640-0400.
Have questions about pre-qualifying? Call us at 469-640-0400. Capacity Lending, LLC answers pre-qualifying questions every day.