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It's valuable to visit with a mortgage professional early, even if you haven't decided what sort of home to search for. What for? If you do not yet know how much house you need to qualify for, how can we help?
We Can Help You Pre-Qualify
When we pre-qualify you, we help you figure out the amount in monthly mortgage payments you can fit in your budget, and the loan amount you will qualify for. We do this by analyzing your debts and income, your work and housing situations, your funds available for a down payment, required reserves, and other financial considerations. It's a quick, thorough process with minimal risks for papercuts.
Once you are considered eligible, we will prove our confidence in your ability to qualify for a loan by presenting you with a Pre-Qualification Letter (also known as a "pre-qual").
Once you locate a house that is right for you, and you want to put together an offer, being pre-qualified for a mortgage will do several things. First, you have some concrete numbers in mind, as the total you will qualify for with your mortgage loan.
Having pre-qualification also will make your offer more attractive to the seller, like you were bringing them a big box of cash! They won't need to worry that they're wasting their time if you will not be able to qualify for a big enough mortgage. The seller of the home 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 the necessary mortgage loan amount won't cause them concern. They have a virtual guarantee to trust your buying power.
We help with your pre-qualification
We can help determine how much of a mortgage you can afford, and the amount of money you can borrow, by taking you through pre-qualifying. We do this by reviewing your debts and income, your employment and residence situations, the funds available for down payment, required reserves, and some other things. It's short and to the point; and we take pride in keeping the paperwork light.
Face to Face
While you are able to use our tools to calculate mortgage variables on this site, it will be a good idea to meet with one of our mortgage professional team members. That way, we will help you get your pre-qualification letter. Next, we can consider your loan options to be sure you are in the right one. We're eager to meet with you: call us at 469-640-0400.
Have questions about pre-qualifying? Call us at 469-640-0400. We answer pre-qualification questions every day.