The Importance of Pre-Qualifying
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Even if you have not so much as researched houses to view yet, it's valuable to see your mortgage professional early. Why? What can we do for you before you have made your offer, and don't know yet how much you want to borrow?
When we pre-qualify you, we help you find out how much of a monthly payment you can fit in your budget, and the loan amount you will qualify for. The process takes you through your current financial situation - your debt, income, job, and down payment money, among other things. It's short and basic; We keep the paperwork light.
We award you a Pre-Qualification Letter if you qualify, that says that we're confident you will qualify for a specific amount of mortgage loan dollars.
A number of advantages open to you once you've found your next house, and have achieved pre-qualification. The first is that you can be sure what you'll be able to afford when putting together the offer.
Being pre-qualified can also make your offer more attractive to the seller, like you were bringing them a suitcase full of cash! They need not wonder if they're wasting their time if you will not have the ability to qualify for a big enough mortgage loan. The seller won't be concerned that he can't trust you to qualify for your loan.Your qualifying for your needed loan amount will not cause them concern. You have the capability to back up your offer.
We can help you pre-qualify
When we pre-qualify you, we help you figure out the amount you can afford in monthly payments you can afford, and how much we of a loan you will qualify for. During the process, we explore your borrowing power - reviewing your job, money available for down payment, existing debt, income, and other areas. It's quick and to the point; and we take pride in keeping the paperwork to a minimum.
One on one
It is vital to sit down and meet with us, even though you are welcome to also try the helpful mortgage calculators on this website. We can begin working on your pre-qualification letter. For another thing, we might find a different mortgage program that is a better fit for you. We're eager 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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