Shopping for a mortgage? We'd be thrilled to talk about our many mortgage solutions! Give us a call at 314-835-1195. Ready to get started? Apply Online Now.
It's important to consult with your mortgage professional as soon as possible — even before you've started narrowing down neighborhoods. What for? What can we do for you before you have made your offer, and don't know yet the amount you want to borrow?
We will help determine how much of a mortgage loan you can afford, and how much money you can borrow, by walking you through pre-qualifying. In the process, we determine your borrowing capacity - reviewing your employment, available money for down payment, debts, income, and other circumstances. It's a short, thorough process with minimal risks for papercuts.
When you qualify, will present to you a Pre-Qualification Letter (your real estate agent might refer to it as a "pre-qual"), that states that we are partnering with you to find the best mortgage loan program to meet your financial needs and that we're confident you will qualify for a loan for up to a specific amount.
Power in the Pre-Qual
Once you locate the house that is right for you, and you decide to put together an offer, being pre-qualified for a mortgage will do several things. First of all, you have some general numbers in mind, as the total you will qualify for with your mortgage.
Even more important to the existing owner, your pre-qualification gives them confidence - as if you had come to their house with a suitcase of cash to make the offer! They won't need to be concerned they have been wasting their time if you will not have the ability to qualify for a big enough mortgage loan. The seller won't be concerned that he can't count on you to qualify for your loan.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 can help you pre-qualify
When we pre-qualify you, we help you determine the amount you can afford in mortgage payments you can fit in your budget, and how much we of a loan you will qualify for. The process leads you through your current financial situation - your debt, income, career, cash available for down payment, among other things. It's a short, thorough process with minimal risks for papercuts.
It's vital for you to sit down and meet with us, even though you are welcome to also try the helpful mortgage calculators on our website. We can walk you through your pre-qualification letter. Then, we'll make sure we have selected the best mortgage loan program for your situation. Let us get you 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.