Why it's Important to Pre-Qualify
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It can be important to see a mortgage professional first, even before you have determined the kind of home to search for. Why? When you don't know yet how much house you want to qualify for, what could we do for you?
We can help determine how much of a mortgage loan you can afford, and the amount of money you can borrow, by walking you through pre-qualifying. We will do this by reviewing your debts and income, your work and housing situations, your available funds for down payment, required reserves, and other financial considerations. It's quick and basic; We keep the paperwork light.
At the point you are determined to be eligible, we prove our confidence in your capacity to qualify for a mortgage by presenting you with a Pre-Qualification Letter (also known as a "pre-qual").
When you locate a house that meets your needs, and you decide to put together an offer, being pre-qualified for a loan will do several things. First, it lets you know the amount that you're able to offer. More important to the current home owner, your being pre-qualified is like your having walked into their front door with a suitcase full of money ready to make the deal! They will not need to be concerned they have been wasting their time if you can't be able to qualify for a high enough mortgage. The seller of the home won't worry if he can trust you to qualify for your mortgage in the amount you'll need.Your qualifying for the necessary loan amount will not be something for them to worry about. They have a virtual guarantee to trust your ability to back up your offer.
We will help you with your pre-qualification
We can help you determine the loan amount you can qualify for and the monthly payment amount you are able to afford by getting you pre-qualified. In this process, we determine your ability to borrow - reviewing your earning status, available money for down payment, debts, income, and other circumstances. It's short and basic; and we take pride in keeping the paperwork light.
Face to Face
It is important for you to sit down and meet with us, even though you are free to also try the helpful mortgage loan calculator tools on this website. For one thing, you will want a Pre-Qualification Letter! Next, we can review your loan options to be sure you are in the right one. Let us get you started: Call us at 9184407735.
Have questions about pre-qualifying? Call us at 918-335-7735. We answer pre-qualification questions every day.