Why it's Important to Pre-Qualify
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It can be valuable to see a mortgage loan pro early, even if you haven't decided the kind of home to look for. Why? How can we help before you have negotiated an amount, and do not know yet how much you need to borrow?
We Will Help You Pre-Qualify
Our mortgage professionals can help you calculate the loan amount you can qualify for and the monthly mortgage payment amount you can afford by helping you pre-qualify. We do this by considering your debts and income, your employment and housing circumstances, your available funds for a down payment, required reserves, and other considerations. It is a short, thorough process with minimal risks for papercuts.
After you are considered eligible, we will prove our confidence in your ability to qualify for a mortgage loan by giving you a Pre-Qualification Letter (also called a "pre-qual").
A number of beneifits open to you once you find your dream house, and have pre-qualification. First, you have some definite numbers in mind, as the amount you will qualify for with your mortgage. Of greater importance to the home seller, your pre-qualification is like your having entered their house with a suitcase full of cash ready to make the deal! They will not need to wonder if that they have been wasting their time if you don't have the ability to qualify for a big enough mortgage. 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. You have the ability to back your offer up.
We will help you pre-qualify
We can help you find out the loan amount you can qualify for and the monthly payment amount you can afford by helping you pre-qualify. We do this by analyzing your debts and income, your employment and housing situations, your available funds for down payment, required reserves, and some other things. We require a minimum amount of paperwork, with a quick process.
One on one
It's important for you to sit down and talk with us, even though you are free to also try the helpful mortgage loan calculators on our website. For one thing, you will need a Pre-Qualification Letter! For another thing, we may find a different mortgage program that better fits your needs. We are eager to hear from you: call us at 516-431-2009.