The Importance of Pre-Qualification
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It's valuable to see a mortgage professional first, even if you haven't decided the sort of house you hope to find. What for? What can we do for you if you haven't made an offer, and do not yet know how much you want to borrow?
We Can Help You Pre-Qualify
We will help you calculate how much of a mortgage you can afford, and how much money you may be able to borrow, by taking you through pre-qualifying. We do this by analyzing your debts and income, your employment and housing situations, the funds available for a down payment, required reserves, and some other things. It's short and to the point; We take pride in keeping the paperwork light.
We will award you a Pre-Qualification Letter if you qualify, that says that we're confident you will qualify for up to a specific amount of mortgage dollars.
Several beneifits open to you when you have found your next house, and have pre-qualification. The first is that you will know the amount you can afford when putting together the offer.
Even more important to the seller of the house, your pre-qualification letter gives them confidence - as if you'd entered their home with a suitcase of cash to make the offer! They will not need to wonder if they have been wasting their time if you don't be able to qualify for a big enough mortgage. The seller of the home won't be concerned that he won't be able to trust you to qualify for your loan.Your qualifying for the necessary loan amount will not be something for them to fret over. You have the sway of a buyer ready to make the purchase on the spot!
We help with your pre-qualification
We can help determine how much of a mortgage loan you can afford, and how much money you can borrow, by walking you through the pre-qualification process. The process outlines your financial situation - your debt, income, career, cash available for down payment, among other things. We require a minimum amount of paperwork, and avoid a lengthy process.
Face to Face
It is vital to sit down and meet with us, even though you are free to also utilize the helpful mortgage loan calculators on this site. That way, we will help you get your pre-qualification letter. For another thing, we might find a different mortgage loan option that fits your situation better. We are waiting to hear from you: call us at 504-866-5626.
Have questions about pre-qualifying? Call us at 504-866-5626. We answer pre-qualification questions every day.
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