Shopping for a mortgage loan? We will be glad to help! Call us at 314-835-1195. Want to get started? Apply Here.
It's important to consult your mortgage professional early — even before you have started researching neighborhoods. What for? What can we do for you if you haven't negotiated an amount, and don't yet know how much you need to borrow?
When we pre-qualify you, we help you find out the amount in monthly mortgage payments you can afford, and the loan amount you can qualify for. This process leads you through your financial situation - your debt, income, employment, and down payment money, among other things. It's quick and basic; We take pride in keeping the paperwork light.
Once you qualify, will present to you what's called a Pre-Qualification Letter (your real estate agent may refer to it as a "pre-qual"), which documents the fact that we are helping you to find the best mortgage loan program to fit your needs and that we are confident you'll qualify for a mortgage for up to a specific amount.
A number of beneifits open to you when you have found your next house, and have achieved pre-qualification power. First, you have some general numbers in mind, as the total you will qualify for on your mortgage loan.
Even more important to the seller, your pre-qualification gives them confidence - as if you had come into their house with a bag of cash to make the offer! They won't have to worry that they have been wasting their time if you will not have the ability to qualify for a high enough mortgage. The seller of the home won't worry if he can count on 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 capability to back up your offer.
We help with your pre-qualification
We can help determine how much of a mortgage loan you can afford, and how much money you can borrow, by taking you through pre-qualifying. We do this by considering your debts and income, your work and housing circumstances, your funds available for down payment, required reserves, and some other things. It's short and basic; and we take pride in keeping the paperwork to a minimum.
Face to Face
While you can benefit from our mortgage calculators on our site, it's a good idea to meet with one of our mortgage professional team members. For one thing, you will want a Pre-Qualification Letter! For another thing, we might locate a different mortgage choice that better fits your needs. 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.