The Importance of Pre-Qualification
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It is valuable to bring in your mortgage loan professional as soon as possible — even before you've started to research neighborhoods. Why? What can we do for you if you have not made an offer, and don't know yet how much you want to borrow?
We Will Help You Pre-Qualify
We can help you calculate how much of a loan you can qualify for and the monthly payment amount you are able to afford by getting you pre-qualified. We do this by analyzing your income and debts, your work and housing situations, your available funds for down payment, required reserves, and some other things. It's short and basic; We take pride in keeping the paperwork light.
We'll award you a Pre-Qualification Letter once you qualify, which says that we're confident you can qualify for a specific amount of mortgage dollars.
Power in the Pre-Qual
Once you find the house that catches your eye, and you decide to put together an offer, being pre-qualified for a loan will do a number of things. The first is that you'll be sure what you'll be able to afford when putting together the offer.
Even more important to the seller, your pre-qualification letter gives them certainty - as if you'd come into their house with a suitcase of cash to make the offer! They won't need to wonder if that they are wasting their time if you can't have the ability 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 loan.Your qualifying for your needed mortgage loan amount won't be something for them to fret over. You have the capability to back up your offer.
We will help you pre-qualify
We will help you calculate how much of a mortgage loan you can afford, and how much money you will be able to borrow, by taking you through pre-qualifying. We achieve this by analyzing your income and debts, your work and housing situations, the funds available for down payment, required reserves, and some other things. It's quick and basic; and we keep the paperwork to a minimum.
One on one
It is important for you to sit down and meet with us, even though you are free to also use the helpful mortgage loan calculator tools on this site. That way, we will help you get your pre-qualification letter. Next, we can consider your mortgage program options to be sure you have found the best one. Contact us at 314-835-1195 to get started.
Have questions about pre-qualifying? Call us at 314-835-1195. Alternative Mortgage Solutions, Inc. answers pre-qualifying questions every day.