Why Pre-Qualification is Important
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It is helpful to visit with a mortgage loan pro early, even before you have decided what type of home you hope to find. Why? When you don't yet know how much home you need to qualify for, what can we do for you?
We Can Help You Pre-Qualify
We will help you calculate how much of a mortgage you can afford, and the amount of money you will be able to borrow, by taking you through the pre-qualification process. In this process, we look at your ability to borrow - analyzing your earning status, money available for down payment, debts, income, and other areas. We will ask for a minimum amount of paperwork, with a quick process.
We will give you a Pre-Qualification Letter if you qualify, that documents that we are confident you'll qualify for up to a predetermined amount of mortgage dollars.
Once you locate the house that catches your eye, and you want to put together an offer, being pre-qualified for a mortgage loan will do a number of things. The first is that you'll be sure the amount you'll be able to afford when calculating the offer.
Even more important to the seller of the house, your pre-qualification gives them confidence - as if you'd arrived at their house with a bag of cash to make the offer! They will not need to be concerned that they're wasting their time if you can't have the ability to qualify for a big enough mortgage loan. The seller of the home won't worry if he can trust you to qualify for your loan.Your qualifying for the necessary mortgage loan amount will not be something for them to fret over. You'll have the sway of a buyer ready to make the deal on the spot!
We can help you pre-qualify
When we pre-qualify you, we help you decide how much of a monthly payment you can afford, and the loan amount you can qualify for. We achieve this by analyzing your income and debts, your work and housing situations, the funds available for down payment, required reserves, and some other things. It's quick and to the point; and we keep the paperwork light.
Face to Face
It is vital for you to sit down and talk with us, even though you are welcome to also use the helpful mortgage loan calculator tools on this website. For one thing, you will want a Pre-Qualification Letter! Next, we can consider your mortgage options to be sure you have chosen the right one. Contact us at (702) 730-2085 to get started.
Have questions about pre-qualifying? Call us at (702) 730-2085. We answer pre-qualification questions every day.