The Importance of Pre-Qualification
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It's helpful to see a mortgage professional early, even if you haven't settled on what sort of home you hope to find. What for? What can we do for you if you haven't made your offer, and don't know yet the amount you want to borrow?
When we pre-qualify you, we help you determine the amount in monthly payments you can fit in your budget, and the loan amount you will qualify for. This process outlines your finances - your debt, income, employment, and cash available for down payment, among other things. We ask for a minimum amount of paperwork, and avoid a lengthy process.
We'll award you a Pre-Qualification Letter if you qualify, which states that we're confident you'll qualify for a specific amount of mortgage dollars.
Power in the Pre-Qual
Various beneifits open to you after you've found your next house, and have achieved pre-qualification. The first is that you can know the amount you'll be able to afford when calculating the offer.
Even more important to the current owner, your pre-qualification status gives them certainty - as if you'd arrived at their home with a big box of cash to back up the offer! They will not need to worry that that they have been wasting their time if you don't be able to qualify for a high enough mortgage. The seller won't worry if he can trust you to qualify for your mortgage in the amount you will need.Your qualifying for your needed loan amount will not be something for them to fret over. You have the ability to back your offer up.
We can help you pre-qualify
We will help you see how much of a mortgage you can afford, and the amount of money you can borrow, by taking you through the pre-qualification process. This process outlines your current financial situation - your debt, income, career, down payment money, among other things. We as for a minimum amount of paperwork, and avoid a lengthy process.
One on one
It is important for you to sit down and meet with us, even though you are free to also use the helpful mortgage calculator tools on this site. We can begin working on your pre-qualification letter. Then, we can make sure we have the best mortgage loan program for your situation. Contact us at 504-866-5626 to get started.
Have questions about pre-qualifying? Call us at 504-866-5626. We answer pre-qualification questions every day.
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