The Importance of Pre-Qualification
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Even if you've not so much as narrowed down homes to visit yet, it is advantageous to see your mortgage professional first. Why? If you don't know yet how much house you want to qualify for, what could we do for you?
We Can Help You Pre-Qualify
When we pre-qualify you, we help you determine how much of a monthly mortgage payment you can fit in your budget, and the loan amount you will qualify for. In the process, we explore your ability to borrow - looking at your earning status, available money for down payment, debts, income, and other circumstances. It's short and to the point; We take pride in keeping the paperwork light.
We will award you a Pre-Qualification Letter when you qualify, that says that we're confident you'll qualify for up to a specific amount of mortgage loan dollars.
Once you find the house that meets your needs, and you decide to make an offer, being pre-qualified for a loan will do several things. First of all, you have some concrete numbers in mind, as the total you will qualify for with your mortgage loan.
Being pre-qualified also will make your offer look even better to the seller, like you were bringing them a big box of cash! They will not have to worry that they are wasting their time if you will not have the ability to qualify for a high enough mortgage. The seller of the home won't worry if he can trust you to qualify for your mortgage in the amount you will need.Your qualifying for the necessary mortgage loan amount won't be something for them to fret over. They have a virtual guarantee to trust your buying power.
We will help you pre-qualify
When we pre-qualify you, we help you decide how much of a monthly mortgage payment you can afford, and how much we of a loan you will qualify for. This process outlines your finances - your debts, income, employment, cash available for down payment, among other things. It is a quick, thorough process with minimal risks for papercuts.
Face to Face
While you can benefit from our mortgage calculators on this website, it is essential to sit down and talk with one of our mortgage professional team members. We can begin working on your pre-qualification letter. For another thing, we may find a different mortgage program that is a better fit for you. We're eager to hear from you: contact us at 504-866-5626.
Have questions about pre-qualifying? Call us at 504-866-5626. We answer pre-qualification questions every day.