When to Talk to a Mortgage Pro
Searching for mortgage advice? We can help! Give us a call at 314-835-1195. Want to get started? Apply Now.
It's valuable to consult your mortgage loan professional early — even before you have started narrowing down neighborhoods. Why? It might be hard to understand the ways we can help even before you start to calculate your offer.
We Will Help You Pre-Qualify
We can help you calculate how much of a mortgage loan you can afford, and how much money you can borrow, by taking you through the pre-qualification process. We will do this by reviewing your debts and income, your employment and housing circumstances, the funds available for down payment, required reserves, and other considerations. It's a quick, thorough process with minimal risks for papercuts.
When you are determined to be eligible, we will prove our confidence in your potential to qualify for a mortgage by awarding you a Pre-Qualification Letter (also known as a "pre-qual").
Once you locate the house that catches your eye, and you decide to make an offer, being pre-qualified for a mortgage will do several things. First of all, you have some definite numbers in mind, as the amount you will qualify for with your loan.
Being pre-qualified will also make your offer more attractive to the home seller, like you were bringing them a big box of cash! They won't have to wonder if they are wasting their time if you won't be able to be able to qualify for a big enough mortgage loan. The seller of the home won't worry if he can trust you to qualify for your loan.Your qualifying for your needed mortgage loan amount will not cause them concern. You have the ability to back your offer up.
We can help you pre-qualify
When we pre-qualify you, we help you find out the amount you can afford in monthly payments you can afford, and the loan amount you can qualify for. This process outlines your current financial situation - your debt, income, job, down payment money, among other things. It's a short, thorough process with minimal risks for papercuts.
One on one
It's important to sit down and meet with us, even though you are free to also try the helpful mortgage calculator tools on our site. That way, we'll be able to help you get your pre-qualification letter. Next, we can consider your mortgage loan choices to be sure you have found the right one. Contact us at 314-835-1195 to get started.
Have questions about pre-qualifying? Call us at 314-835-1195. We answer pre-qualification questions every day.