Why it's Important to Pre-Qualify
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It's important to bring in your mortgage professional early — even before you have started narrowing down neighborhoods. Why? When you do not know yet how much house you need to qualify for, what could we help you with?
We Will Help You Pre-Qualify
We can help you determine how much of a loan you can qualify for and the monthly payment amount you can afford by helping you pre-qualify. We can achieve this by analyzing your debts and income, your work and housing situations, the funds available for down payment, required reserves, and some other things. We will ask for a minimum amount of paperwork, with a short,basic process.
We give you a Pre-Qualification Letter after you qualify, which says that we're confident you can qualify for up to a certain amount of mortgage dollars.
Power in the Pre-Qual
When you locate a house that meets your needs, and you want to put together an offer, being pre-qualified for a loan will do several things. The first is that you'll be sure what you'll be able to afford when calculating your offer.
Even more important to the seller of the home, your pre-qualification status gives them confidence - as if you had come into their house with a bag of cash to back up the offer! They won't need to be concerned that they're wasting their time if you won't be able to be able to qualify for a high enough mortgage loan. The seller of the home won't be concerned that he won't be able to trust you to qualify for your mortgage in the amount you will need.Your qualifying for the necessary mortgage loan amount will not be something for them to worry about. You have the ability to back up your offer.
We will help you pre-qualify
We can 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 do this by reviewing your debts and income, your work and residence situations, your available funds for a down payment, required reserves, and some other things. We as for a minimum amount of paperwork, and avoid a lengthy process.
It's vital for you to sit down and meet with us, even though you are welcome to also try the helpful mortgage calculator tools on this site. That way, we will be able to help you get your pre-qualification letter. Then, we'll make sure we have chosen the best mortgage loan program for your situation. Contact us at 504-866-5626 to get your pre-qualification process started.
Have questions about pre-qualifying? Call us at 504-866-5626. Coastal Mortgage Corp. answers pre-qualifying questions every day.
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