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It's important to consult with your mortgage loan professional as soon as possible — even before you have begun narrowing down neighborhoods. Why? It may be hard to fathom how we can help even before you start to calculate your offer.
We Can Help You Pre-Qualify
Our mortgage professionals can help you determine how much of a loan you can qualify for and the monthly payment amount you can afford by getting you pre-qualified. This process outlines your current financial situation - your debts, income, employment, and cash available for down payment, among other things. We require a minimum amount of paperwork, and avoid a lengthy process.
When you are considered eligible, we prove our confidence in your capacity to qualify for a loan by giving you a Pre-Qualification Letter (also known as a "pre-qual").
Power in the Pre-Qual
A number of beneifits open to you once you find your new house, and have pre-qualification. First, you have some general numbers in mind, as the total you will be able to borrow.
Even more important to the seller of the home, your pre-qualification status gives them confidence - as if you'd entered their home with a big box of cash to back up the offer! They won't need to wonder if that they are wasting their time if you will not have the ability to qualify for a big enough mortgage. The seller won't wonder if he can count on you to qualify for your mortgage in the amount you'll need.Your qualifying for the necessary mortgage loan amount will not cause them concern. They have a virtual guarantee that they can trust your ability to back up your offer.
We help with your pre-qualification
We will help you see how much of a mortgage loan you can afford, and the amount of money you can borrow, by walking you through the pre-qualification process. This process takes you through your finances - your debt, income, job, down payment money, among other things. It's short and basic; and we keep the paperwork to a minimum.
Face to Face
While you are able to benefit from our mortgage calculators on our site, it will be a good idea to meet with one of our mortgage professional team members. For one thing, you will need a Pre-Qualification Letter! Then, we'll make sure we have chosen the best mortgage loan program for your situation. Let us get you started: 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.