Why Pre-Qualification is Important
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It is valuable to bring in your mortgage loan professional early — even before you've started to research neighborhoods. What for? What can we do for you if you haven't negotiated a purchase amount, and don't know yet the amount you need to borrow?
Our mortgage professionals 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. During this process, we calculate your borrowing capacity - analyzing your job, available money for down payment, existing debt, income, and other circumstances. We ask for a minimum amount of paperwork, with a short,basic process.
We will award you a Pre-Qualification Letter after you qualify, which states that we're confident you'll qualify for up to a specific amount of mortgage dollars.
Various beneifits open to you after you find your new house, and have achieved pre-qualification power. The first is that you'll be sure the amount you can afford when determining your offer.
Being pre-qualified can also make your offer look even better to the seller, as if you were bringing them a suitcase of cash! They won't have to worry that that they have been wasting their time if you don't be able to qualify for a big enough mortgage. The seller won't wonder if he can count on you to qualify for your loan.Your qualifying for the necessary mortgage loan amount will not cause them concern. You can have the clout of a buyer ready to make the deal on the spot!
We can help you pre-qualify
Our mortgage professionals will help you determine the loan amount you can qualify for and the mortgage payment amount you can afford by getting you pre-qualified. We can accomplish this by analyzing your debts and income, your work and residence circumstances, the funds available for a down payment, required reserves, and other considerations. It is a short, thorough process with minimal risks for papercuts.
Face to Face
You can always use the mortgage calculators available on our website to calculate how much mortgage you'll be able to afford - but it's also valuable to talk with us. For one thing, you'll want a Pre-Qualification Letter! Next, we can study your mortgage program choices and be sure you have found the best one. We are waiting to meet with 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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