It is valuable to bring in your mortgage professional early — even before you've begun narrowing down neighborhoods. What for? Perhaps it is hard to understand the ways we could help even before you begin to negotiate.
We will help you determine how much of a loan you can qualify for and the monthly mortgage payment amount you can afford by helping you pre-qualify. During this process, we determine your borrowing power - analyzing your employment, money available for down payment, debt, income, and other areas. It's quick and basic; We take pride in keeping the paperwork to a minimum.
After you qualify, will present to you what's called a Pre-Qualification Letter (your real estate agent may call it a "pre-qual"), that documents the fact that we are working with you to find the right mortgage to fit your financial needs and that we are confident you'll qualify for a mortgage loan for up to a certain amount.
Power in the Pre-Qual
Holding your pre-qualification letter, some advantages are yours at the point you find the house you want to make an offer on. The first is that you'll be sure the amount you'll be able to afford when calculating your offer.
Your pre-qualification will also make your offer more attractive to the seller, like you were bringing them a bag full of cash! They need not wonder if they're wasting their time if you don't have the ability to qualify for a big enough mortgage loan. The seller of the home won't wonder if he can trust you to qualify for your loan.Your qualifying for the necessary loan amount won't be something for them to be concerned about. They have a virtual guarantee to trust your ability to back up your offer.
We will help you with your pre-qualification
When we pre-qualify you, we help you decide the amount you can afford in mortgage payments you can afford, and the size of loan you can qualify for. The process outlines your finances - your debts, income, job, down payment money, among other things. We will ask for a minimum amount of paperwork, with a quick process.
Face to Face
While you can use our tools to calculate mortgage variables on our site, it is essential to meet with one of our mortgage professional team members. That way, we can help you get your pre-qualification letter. Next, we can consider your mortgage program options to be sure you have chosen the best one. We're eager to hear from you: contact us at 9036307049.
Have questions about pre-qualifying? Call us at 903-630-7049. We answer pre-qualification questions every day.