When to Speak to Your Mortgage Professional
Shopping for a mortgage? We will be glad to help! Call us at 504-866-5626. Ready to get started? Apply Here.
It's valuable to see a mortgage loan pro first, even before you have decided what type of home to search for. Why? When you don't yet know how much house you want to qualify for, what could we do for you?
When we pre-qualify you, we help you figure out the amount in monthly payments you can fit in your budget, and how much we of a loan you will qualify for. We achieve this by considering your debts and income, your work and residence circumstances, the funds available for down payment, required reserves, and some other things. It's short and basic; We take pride in keeping the paperwork light.
After you qualify, will present to you a Pre-Qualification Letter (your real estate agent may refer to it as a "pre-qual"), that states that we are partnering with you to find the ideal loan program to fit your situation and that we are confident you'll qualify for a mortgage loan for a certain amount.
Several advantages open to you once you've found your new house, and have achieved pre-qualification power. The first is that you can be sure what you will be able to afford when putting together the offer.
Being pre-qualified will also make your offer look even better to the home seller, as if you were bringing them a bag full of cash! They will not have to worry that that they have been wasting their time if you don't be able to qualify for a high enough mortgage. The seller won't be concerned that he can't count on you to qualify for your mortgage in the amount you'll need.Your qualifying for your needed mortgage loan amount won't be something for them to fret over. You'll have the clout of a buyer ready to make the purchase right now!
We will help you pre-qualify
We can help you find out how much of a loan you can qualify for and the mortgage payment amount you can afford by getting you pre-qualified. During this process, we look at your borrowing potential - analyzing your job, money available for down payment, debt, income, and other circumstances. We will require a minimum amount of paperwork, with a quick process.
Face to Face
While you can try our tools to calculate mortgage variables on our website, it's essential to sit down and talk with one of our mortgage professional team members. That way, we will help you get your pre-qualification letter. For another thing, we may be able to find a different mortgage loan option that better fits your needs. We are eager to meet with you: call us at 504-866-5626.
Have questions about pre-qualifying? Call us at 504-866-5626. It's our job to answer pre-qualification questions, so we're happy to help!
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