When to Speak to a Mortgage Pro About Pre-Qualification
Looking for mortgage advice? We'd be thrilled to answer your questions about your mortgage needs! Call us at 314-835-1195. Want to get started? Apply Online Now.
It is helpful to consult your mortgage loan professional as soon as possible — even before you have started to consider neighborhoods. What for? It might be hard to understand how we could help even before you begin to talk about prices and negotiations.
We Can Help You Pre-Qualify
Our mortgage professionals will help you calculate how much of a loan you can qualify for and the mortgage payment amount you can afford by getting you pre-qualified. We accomplish this by analyzing your debts and income, your work and residence situations, the available funds for a down payment, required reserves, and other considerations. We will require a minimum amount of paperwork, and avoid a lengthy process.
After you qualify, will give you a Pre-Qualification Letter (your real estate agent might refer to it as a "pre-qual"), which documents the fact that we are helping you to find the best loan to fit your needs and that we are confident you will qualify for a mortgage loan up to a specific amount.
With your pre-qualification letter, several advantages are yours when you locate the house you want to make an offer for. The first is that you'll know the amount you can afford when calculating the offer.
Of greater importance to the existing home owner, your being pre-qualified is like your having walked into their house with a bag full of cash to purchase their house! They will not need to wonder if they are wasting their time if you won't be able to be able to qualify for a big enough mortgage. The seller won't worry if he can count on you to qualify for your loan.Your qualifying for the necessary loan amount will not cause them concern. You'll have the influence of a buyer ready to make the purchase on the spot!
We can help you pre-qualify
When we pre-qualify you, we help you decide how much of a monthly mortgage payment you can fit in your budget, and the loan amount you can qualify for. The process outlines your finances - your debts, income, job, cash available for down payment, among other things. It's a quick, thorough process with minimal risks for papercuts.
One on one
While you can use our tools to calculate mortgage variables on our website, it will be essential to meet with us. For one thing, you will need a Pre-Qualification Letter! For another thing, we could be able to 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. It's our job to answer pre-qualification questions, so we're happy to help!