Shopping for a mortgage? We will be glad to help! Call us at 314-835-1195. Ready to begin? Apply Here.
It's helpful to see a mortgage professional early, even if you haven't decided what sort of home to look for. What for? If you do not yet know how much house you want to qualify for, how could we help?
We will help determine how much of a mortgage you can afford, and the amount of money you can borrow, by taking you through the pre-qualification process. In this process, we explore your capacity to borrow - analyzing your earning status, money available for down payment, existing debt, income, and other areas. It's a short, thorough process with minimal risks for papercuts.
When you are determined to be eligible, we prove our confidence in your ability to qualify for a loan by awarding you a Pre-Qualification Letter (also called a "pre-qual").
Power in the Pre-Qual
Some beneifits open to you when you find your next house, and have achieved pre-qualification power. The first is that you'll know the amount you can afford when putting together the offer.
Of greater importance to the existing home owner, your pre-qualification is like your having entered their front door with a suitcase full of money to purchase the home! They won't have to worry that that they're wasting their time if you can't be able 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 your needed loan amount will not cause them concern. You have the ability to back your offer up.
We help with your pre-qualification
We will help you determine the loan amount you can qualify for and the monthly mortgage payment amount you can afford by helping you pre-qualify. The process leads you through your current financial situation - your debt, income, employment, down payment money, among other things. We will require a minimum amount of paperwork, with a short, basic process.
One on one
You can always use the calculators available on our site to calculate how much mortgage you will be able to afford - but it's also essential to talk with us. We can work toward your pre-qualification letter. For another thing, we might find a different mortgage program that is a better fit for you. We're waiting to meet with you: call us at 314-835-1195.
Have questions about pre-qualifying? Call us at 314-835-1195. Alternative Mortgage Solutions, Inc. answers pre-qualifying questions every day.