Looking for a loan? We can help! Call us at 504-866-5626. Ready to begin? Apply Here.
Even if you've not researched homes to view yet, it's advantageous to contact your mortgage loan professional first. What for? If you do not yet know how much home you want to qualify for, how can we help?
When we pre-qualify you, we help you decide how much of a monthly payment you can afford, and how much we of a loan you can qualify for. In the process, we determine your borrowing power - analyzing your job, money available for down payment, debts, income, and other areas. It's quick and basic; We keep the paperwork light.
Once you qualify, will give you what's called a Pre-Qualification Letter (your real estate agent might call it a "pre-qual"), that states that we are helping you to find the best mortgage loan program to meet your needs and that we are confident you'll qualify for a mortgage loan for a certain amount.
Armed with your pre-qualification letter, several advantages are yours at the point you locate the home you want to make an offer for. First of all, you have some general numbers in mind, as the amount you will qualify for with your mortgage.
Even more important to the seller of the home, your pre-qualification status gives them certainty - as if you'd arrived at their home with a bag of cash to back up the offer! They will not need to wonder if that they're wasting their time if you can't have the ability to qualify for a big enough mortgage loan. The seller won't worry if he can trust you to qualify for your loan.Your qualifying for your needed loan amount won't be something for them to lose sleep over. They have a virtual guarantee to trust your ability to back up your offer.
We can help you pre-qualify
We will help determine how much of a mortgage loan you can afford, and the amount of money you may be able to borrow, by taking you through the pre-qualification process. In the process, we calculate your capacity to borrow - reviewing your earning status, money available for down payment, debts, income, and other circumstances. It's short and to the point; and we take pride in keeping the paperwork to a minimum.
Face to Face
You can always use the calculators here on our site to calculate how much mortgage you'll be able to afford - but it's also valuable to talk with us. That way, we'll help you get your pre-qualification letter. Then, we'll make sure we have the best mortgage loan program for you. Contact us at 504-866-5626 to get started.
Have questions about pre-qualifying? Call us at 504-866-5626. Coastal Mortgage Corp. answers pre-qualifying questions every day.