Why Pre-Qualification is Important
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It can be important to visit with a mortgage loan pro early, even if you haven't settled on what type of home you hope to find. What for? It may be hard to fathom how we could help even before you start to calculate your offer.
We Can Help You Pre-Qualify
When we pre-qualify you, we help you determine how much of a monthly mortgage payment you can afford, and the loan amount you can qualify for. We accomplish this by analyzing your income and debts, your employment and housing circumstances, your available funds for down payment, required reserves, and other considerations.
After you are considered eligible, we document our confidence in your ability to qualify for a loan by awarding you a Pre-Qualification Letter (also known as a "pre-qual").
Some benefits open to you after you find your new house, and have achieved pre-qualification. First, you have some general numbers in mind, as the total you will qualify for on your mortgage. More important to the seller, your pre-qualification is like your having entered their front door with a suitcase full of cash ready to purchase their house! They will not need to be concerned that they are wasting their time if you can't be able to qualify for a high enough mortgage. 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'll need.Your qualifying for your needed loan amount won't cause them concern. They have a virtual guarantee to trust your buying power.
We will help you pre-qualify
When we pre-qualify you, we help you figure out the amount you can afford in monthly payments you can fit in your budget, and the size of loan you can qualify for. The process walks you through your current financial situation - your debt, income, career, cash available for down payment, among other things. It's a quick, thorough process.
One on one
It is vital talk with us in person or over the phone, even though you are welcome to also try the helpful mortgage calculator tools on our website. We will suggest all mortgage options available that will help you achieve your mortgage goals. Contact us at (407) 294-4707 to get your pre-qualification process started.
Have questions about pre-qualifying? Call us at (407) 294-4707. It's our job to answer pre-qualification questions, so we're happy to help!