Why Pre-Qualification is Important
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It can be valuable to see a mortgage loan pro first, even if you haven't settled on the kind of home to search for. What for? How can we help before you have made an offer, and don't yet know the amount you want to borrow?
We Will Help You Pre-Qualify
When we pre-qualify you, we help you decide how much of a monthly mortgage payment you can afford, and the loan amount you can qualify for. This process takes you through your financial situation - your debt, income, job, and down payment money, among other things. We require a minimum amount of paperwork, with a quick process.
We award you a Pre-Qualification Letter after you qualify, which states that we're confident you can qualify for a certain amount of mortgage dollars.
Holding your pre-qualification letter, some advantages are yours once you find the house you want to make an offer on. The first is that you'll know what you'll be able to afford when calculating your offer.
Being pre-qualified also will make your offer look even better to the home seller, like you were bringing them a suitcase of cash! They won't need to worry that they have been wasting their time if you can't be able to qualify for a big enough mortgage loan. The seller won't wonder if he can trust you to qualify for your loan.Your qualifying for the necessary mortgage loan amount will not be something for them to lose sleep over. You can have the clout of a buyer ready to make the deal on the spot!
We can help you pre-qualify
When we pre-qualify you, we help you decide how much of a monthly payment you can fit in your budget, and the loan amount you will qualify for. The process takes you through your finances - your debts, income, career, cash available for down payment, among other things. It's short and basic; and we take pride in keeping the paperwork light.
It's vital to sit down and talk with us, even though you are welcome to also try the helpful mortgage calculator tools on our site. That way, we can help you get your pre-qualification letter. For another thing, we may be able to locate a different mortgage choice that fits your needs better. Contact us at 516-431-2009 to get started.
Have questions about pre-qualifying? Call us at 516-431-2009. We answer pre-qualification questions every day.