Why it's Important to Pre-Qualify
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Even if you have not researched homes to view yet, it's valuable to see your mortgage pro first. Why? Perhaps it's difficult to fathom how we could help even before you start to calculate your offer.
We can help determine how much of a mortgage you can afford, and how much money you will be able to borrow, by taking you through the pre-qualification process. The process outlines your finances - your debts, income, employment, and cash available for down payment, among other things. It's a quick, thorough process with minimal risks for papercuts.
We will give you a Pre-Qualification Letter once you qualify, that documents that we're confident you'll qualify for up to a predetermined amount of mortgage loan dollars.
Power in the Pre-Qual
A number of advantages open to you once you've found your next house, and have pre-qualification. First, you have some definite numbers in mind, as the amount you will be able to borrow. Even more important to the current owner, your pre-qualification letter gives them confidence - as if you'd come to their house with a bag of cash to make the offer! They will not need to be concerned they have been wasting their time if you won't be able to be able 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 mortgage in the amount you'll need.Your qualifying for your needed loan amount will not cause them concern. You have the ability to back up your offer.
We will help you with your pre-qualification
When we pre-qualify you, we help you figure out how much of a monthly mortgage payment you can afford, and the loan amount you can qualify for. We can accomplish this by considering your debts and income, your work and residence circumstances, the funds available for down payment, required reserves, and other considerations. It's a quick, thorough process with minimal risks for papercuts.
One on one
It's important to sit down and talk with us, even though you are welcome to also utilize the helpful mortgage calculators on our website. That way, we can help you get your pre-qualification letter. Then, we'll make sure we have found the best mortgage loan program for your situation. We're eager to meet with you: contact us at (325) 651-2100.
Have questions about pre-qualifying? Call us at (325) 651-2100. We answer pre-qualification questions every day.