Why Pre-Qualification is Important
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Even if you haven't so much as narrowed down houses to visit yet, it is important to see your mortgage loan professional first. What for? How can we help you before you have negotiated a price, and don't yet know the amount you want to borrow?
We Can Help You Pre-Qualify
Our mortgage professionals can help you find out the loan amount you can qualify for and the monthly mortgage payment amount you can afford by getting you pre-qualified. We will achieve this by analyzing your income and debts, your employment and residence situations, the funds available for down payment, required reserves, and some other things. It is a short, thorough process with minimal risks for papercuts.
When you are considered eligible, we document our confidence in your capacity to qualify for a mortgage by presenting you with 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 at the point you locate the home you want to make an offer on. First, it lets you know the amount that you are able to offer.
Even more important to the existing owner, your pre-qualification gives them confidence - as if you had arrived at their house with a bag of cash to back up the offer! They won't need to wonder if they're wasting their time if you will not have the ability to qualify for a high enough mortgage. The seller won't worry if he can count on you to qualify for your loan.Your qualifying for your needed loan amount won't cause them concern. You can have the influence of a buyer ready to make the purchase on the spot!
We will help you pre-qualify
Our mortgage professionals will help you determine how much of a loan you can qualify for and the monthly mortgage payment amount you are able to afford by getting you pre-qualified. We achieve this by analyzing your income and debts, your employment and residence circumstances, the funds available for down payment, required reserves, and some other things. We will require a minimum amount of paperwork, and avoid a lengthy process.
You can always use the mortgage calculators available on our site to get an idea of how much mortgage you will be able to afford - but it's also valuable to talk with one of our mortgage professionals. For one thing, you'll want a Pre-Qualification Letter! Then, we'll make sure we have the right mortgage program for your situation. Let us help you get started: Contact us at (727) 743-1620.
Have questions about pre-qualifying? Call us at (727) 743-1620. It's our job to answer pre-qualification questions, so we're happy to help!