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It is helpful to see a mortgage loan pro early, even before you've decided what type of home you hope to find. Why? When you don't know yet how much house you need to qualify for, what could we help you with?
We Can Help You Pre-Qualify
We can help you see how much of a mortgage loan you can afford, and the amount of money you can borrow, by walking you through the pre-qualification process. We can do this by analyzing your debts and income, your employment and housing situations, the funds available for down payment, required reserves, and other considerations. We ask for a minimum amount of paperwork, with a quick process.
When you are determined to be eligible, we document our confidence in your capacity to qualify for a mortgage loan by presenting you with a Pre-Qualification Letter (also known as a "pre-qual").
Several beneifits open to you after you have found your next house, and have pre-qualification. First of all, you have some concrete numbers in mind, as the total you will be able to borrow.
More important to the existing home owner, your pre-qualification is like your having entered their house with a bag full of money ready to make the deal! They won't need to wonder if they are wasting their time if you won't be able to be able to qualify for a high enough mortgage. The seller won't be concerned that he can't count on 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 help with your pre-qualification
We will help you see how much of a mortgage you can afford, and the amount of money you will be able to borrow, by walking you through pre-qualifying. In the process, we determine your ability to borrow - analyzing your job, money available for down payment, debts, income, and other circumstances. We require a minimum amount of paperwork, with a short, basic process.
You can certainly use the calculators on this website to calculate how much mortgage you'll be able to afford - but it's also important to talk with us. That way, we can help you get your pre-qualification letter. For another thing, we might find a different mortgage choice that is a better fit for you. Let us help you get started: Call us at 469-640-0400.
Have questions about pre-qualifying? Call us at 469-640-0400. We answer pre-qualification questions every day.