Why Pre-Qualification is Important
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Even if you have not so much as researched homes to visit yet, it's valuable to visit with your mortgage professional early. What for? When you do not know yet how much home you need to qualify for, how could we help?
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 will qualify for. In the process, we explore your borrowing capacity - analyzing your earning status, available money for down payment, debt, income, and other circumstances. It's quick and to the point; We take pride in keeping the paperwork to a minimum.
Once you are considered eligible, we prove our confidence in your capacity to qualify for a mortgage by awarding you a Pre-Qualification Letter (also called a "pre-qual").
Power in the Pre-Qual
Armed with your pre-qualification letter, several advantages fall at your feet once you locate the house you want to make an offer on. First, you have some concrete numbers in mind, as the amount you will qualify for on your mortgage loan.
Of greater importance to the home seller, your being pre-qualified is like your having walked into their house with a suitcase full of cash ready to purchase their house! They need not be concerned that they have been wasting their time if you do not have the ability to qualify for a big enough mortgage. The seller won't wonder if he can count on you to qualify for your mortgage in the amount you will need.Your qualifying for your needed loan amount will not cause them concern. You can have the influence of a buyer ready to make the deal right now!
We help with your pre-qualification
Our mortgage professionals will help you determine the loan amount you can qualify for and the monthly mortgage payment amount you can afford by helping you pre-qualify. In this process, we look at your borrowing power - reviewing your earning status, money available for down payment, debt, income, and other circumstances. We as for a minimum amount of paperwork, and avoid a lengthy process.
One on one
It's important for you to sit down and meet with us, even though you are free to also use the helpful mortgage loan calculator tools on this site. That way, we'll help you get your pre-qualification letter. Then, we can make sure we have the ideal mortgage program for you. Let us help you get started: Contact us at 504-866-5626.
Have questions about pre-qualifying? Call us at 504-866-5626. We answer pre-qualification questions every day.