Why Pre-Qualification is Important
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It is important to see a mortgage loan pro early, even before you've decided what sort of home to look for. Why? What can we do for you before you have negotiated a purchase amount, and don't know yet how much you want to borrow?
We Can Help You Pre-Qualify
We can help you calculate how much of a mortgage you can afford, and how much money you can borrow, by walking you through pre-qualifying. This process takes you through your finances - your debt, income, career, and cash available for down payment, among other things. It is a short, thorough process with minimal risks for papercuts.
At the point you are determined to be eligible, we document our confidence in your ability to qualify for a mortgage loan by giving you a Pre-Qualification Letter (also known as a "pre-qual").
Several advantages open to you when you find your dream house, and have achieved pre-qualification power. First, you have some general numbers in mind, as the amount you can borrow.
Even more important to the seller of the house, your pre-qualification gives them confidence - as if you'd come to their house with a suitcase of cash to back up the offer! They will not have to worry that they are wasting their time if you will not have the ability to qualify for a big enough mortgage. The seller 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 won't cause them concern. They have a virtual guarantee that they can trust your buying power.
We can help you pre-qualify
We will help you calculate how much of a mortgage loan you can afford, and how much money you can borrow, by taking you through pre-qualifying. During the process, we calculate your borrowing power - reviewing your employment, available money for down payment, debt, income, and other circumstances. It's a short, thorough process with minimal risks for papercuts.
One on one
While you are encouraged to try our mortgage calculators on this website, it will be essential to meet with us. We can begin working on your pre-qualification letter. Next, we can review your mortgage loan choices to make sure you are in the right one. We are waiting 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.