The Importance of Pre-Qualifying
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Even if you've not so much as picked out houses to view yet, it is important to visit with your mortgage pro first. What for? What can we do for you before you have made your offer, and don't yet know how much you need to borrow?
We Can Help You Pre-Qualify
We will help determine how much of a mortgage you can afford, and the amount of money you may be able to borrow, by taking you through the pre-qualification process. This process outlines your financial situation - your debts, income, employment, and cash available for down payment, among other things. We require a minimum amount of paperwork, and avoid a lengthy process.
After you are determined to be eligible, we prove our confidence in your potential to qualify for a mortgage loan by giving you a Pre-Qualification Letter (also called a "pre-qual").
Power in the Pre-Qual
Armed with your pre-qualification letter, a number of advantages fall at your feet when you locate the home you want to put together an offer on. First of all, you have some definite numbers in mind, as the total you will be able to borrow.
Of greater importance to the current home owner, your being pre-qualified is like your having walked into their front door with a bag full of cash to purchase the home! They won't need to worry that they are wasting their time if you will not be able to qualify for a big enough mortgage loan. The seller won't wonder if he can trust you to qualify for your mortgage in the amount you will need.Your qualifying for your needed mortgage loan amount won't be something for them to fret over. They have a virtual guarantee that they can trust your buying power.
We will help you pre-qualify
Our mortgage professionals can help you calculate how much of a loan you can qualify for and the mortgage payment amount you can afford by getting you pre-qualified. In the process, we look at your borrowing potential - reviewing your job, money available for down payment, debt, income, and other circumstances. It is a quick, thorough process with minimal risks for papercuts.
While you are encouraged to benefit from our mortgage calculators on this website, it is essential to meet with one of our mortgage professional team members. That way, we can help you get your pre-qualification letter. Next, we can review your mortgage loan choices and make sure you are in the best one. Contact us at 469-640-0400 to get your pre-qualification process started.
Have questions about pre-qualifying? Call us at 469-640-0400. We answer pre-qualification questions every day.