Shopping for a mortgage? We will be glad to assist you! Give us a call at 314-835-1195. Want to get started? Apply Now.
It's valuable to consult your mortgage professional early — even before you have started narrowing down neighborhoods. What for? What can we do for you before you have negotiated a purchase amount, and don't know yet the amount you want to borrow?
When we pre-qualify you, we help you find out how much of a monthly payment you can afford, and the size of loan you will qualify for. We achieve this by considering your income and debts, your employment and residence situations, your available funds for down payment, required reserves, and some other things. It's a short, thorough process with minimal risks for papercuts.
Once you qualify, we give you what's called a Pre-Qualification Letter (your real estate agent might refer to it as a "pre-qual"), that documents the fact that we are helping you to find the right mortgage to meet your situation and that we're confident you will qualify for a mortgage for a certain amount.
Power in the Pre-Qual
When you find the house that is right for you, and you decide to put together an offer, being pre-qualified for a mortgage loan will do several things. First, you have some general numbers in mind, as the total you will qualify for on your mortgage loan.
Being pre-qualified will also make your offer look even better to the home seller, like you were bringing them a suitcase full of cash! They will not have to be concerned that they're wasting their time if you can't have the ability to qualify for a big enough mortgage. The seller of the home won't be concerned that he won't be able to count on you to qualify for your loan.Your qualifying for the necessary mortgage loan amount won't cause them concern. You will have the clout of a buyer ready to make the deal on the spot!
We help with your pre-qualification
Our mortgage professionals will help you calculate the loan amount you can qualify for and the mortgage payment amount you can afford by getting you pre-qualified. We will achieve this by reviewing your income and debts, your employment and residence situations, the available funds for down payment, required reserves, and some other things. We require a minimum amount of paperwork, with a short, basic process.
You can certainly use the mortgage calculators here on our website to get an idea of how much mortgage you will be able to afford - but it's also important to talk with one of our mortgage professionals. That way, we will be able to help you get your pre-qualification letter. For another thing, we could locate a different mortgage option that is a better fit for you. Let us help you get started: Call us at 314-835-1195.
Have questions about pre-qualifying? Call us at 314-835-1195. It's our job to answer pre-qualification questions, so we're happy to help!