Why Pre-Qualification is Important
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It is important to consult with your mortgage loan professional early — even before you've begun researching neighborhoods. Why? Maybe it's hard to fathom the ways we could help even before you start to talk about prices and negotiations.
We Can Help You Pre-Qualify
We will help you determine how much of a loan you can qualify for and the monthly mortgage payment amount you can afford by helping you pre-qualify. This process outlines your finances - your debt, income, career, and cash available for down payment, among other things. It is a short, thorough process with minimal risks for papercuts.
We'll give you a Pre-Qualification Letter after you qualify, that states that we're confident you'll qualify for up to a certain amount of mortgage dollars.
Some advantages open to you once you have found your dream house, and have pre-qualification power. First, it helps you know how much you are able to offer.
Even more important to the seller of the home, your pre-qualification gives them confidence - as if you'd come into their house with a bag of cash to back up the offer! They will not need to be concerned that they have been wasting their time if you won't be able to have the ability to qualify for a high enough mortgage loan. The seller won't be concerned that he can't count on you to qualify for your mortgage in the amount you'll need.Your qualifying for the necessary mortgage loan amount will not be something for them to fret over. They have a virtual guarantee that they can trust your buying power.
We will help you with your pre-qualification
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 the process, we explore your borrowing power - reviewing your employment, money available for down payment, debt, income, and other areas. It's a quick, thorough process with minimal risks for papercuts.
One on one
You can certainly use the mortgage calculators here on our website to get an idea of how much mortgage you'll be able to afford - but it's also essential to meet with us. That way, we'll be able to help you get your pre-qualification letter. For another thing, we may find a different mortgage option that fits your situation better. Let us help you get started: Contact us at 314-835-1195.
Have questions about pre-qualifying? Call us at 314-835-1195. We answer pre-qualification questions every day.