Why Pre-Qualification is Important
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It is important to see a mortgage loan pro early, even before you have decided the kind of home you hope to find. Why? It might be difficult to understand the way we could help even before you begin to calculate your offer.
We Can Help You Pre-Qualify
We will help you determine how much of a loan you can qualify for and the monthly mortgage payment amount you can afford by helping you pre-qualify. This process outlines your current financial situation - your debts, income, employment, and cash available for down payment, among other things. It's quick and basic; We keep the paperwork to a minimum.
After you qualify, will present to you what's called a Pre-Qualification Letter (your real estate agent may call it a "pre-qual"), that documents the fact that we are partnering with you to find the best mortgage loan to meet your financial needs and that we're confident you will qualify for a mortgage loan up to a specific amount.
Power in the Pre-Qual
Several beneifits open to you when you have found your next house, and have achieved pre-qualification power. First, it lets you know how much you can offer. Even more important to the seller of the house, your pre-qualification gives them confidence - as if you had come to their house with a bag of cash to back up the offer! They won't need to be concerned they are wasting their time if you do not be able to qualify for a high enough mortgage loan. The seller of the home won't wonder if he can count on you to qualify for your mortgage in the amount you'll need.Your qualifying for the necessary mortgage loan amount won't cause them concern. You can have the influence of a buyer ready to make the purchase on the spot!
We will help you pre-qualify
We can help you calculate how much of a loan you can qualify for and the monthly payment amount you are able to afford by helping you pre-qualify. The process leads you through your finances - your debts, income, employment, down payment money, among other things. It is a quick, thorough process with minimal risks for papercuts.
One on one
It is vital for you to sit down and meet with us, even though you are welcome to also use the helpful mortgage calculators on this site. That way, we can help you get your pre-qualification letter. Then, we can make sure we have the ideal mortgage program for your situation. We're eager to hear from you: contact us at 516-431-2009.