When to Speak to Your Mortgage Pro
In the market for a new mortgage loan? We can assist you! Give us a call at 516-431-2009. Ready to begin? Apply Now.
It's helpful to visit with a mortgage loan pro early, even if you haven't settled on what type of home to look for. Why? If you do not know yet how much home you want to qualify for, how can we help?
We will help determine how much of a mortgage loan you can afford, and how much money you can borrow, by walking you through pre-qualifying. We do this by reviewing your income and debts, your employment and residence situations, your funds available for down payment, required reserves, and other financial considerations. It's a quick, thorough process with minimal risks for papercuts.
Once you are considered eligible, we will prove our confidence in your ability to qualify for a mortgage loan by awarding you a Pre-Qualification Letter (also called a "pre-qual").
Holding your pre-qualification letter, a number of advantages fall at your feet when you locate the house you want to make an offer on. First of all, you have some concrete numbers in mind, as the total you will be able to borrow.
Being pre-qualified also will make your offer more attractive to the home seller, like you were bringing them a bag full of cash! They won't need to be concerned that they're wasting their time if you do not be able to qualify for a big enough mortgage loan. The seller of the home won't worry if he can count on you to qualify for your mortgage in the amount you'll need.Your qualifying for your needed loan amount will not be something for them to lose sleep over. You have the capability to back your offer up.
We help with your pre-qualification
When we pre-qualify you, we help you find out the amount you can afford in monthly mortgage payments you can fit in your budget, and the loan amount you can qualify for. This process outlines your finances - your debt, income, job, cash available for down payment, among other things. We as for a minimum amount of paperwork, with a quick process.
One on one
It is important to sit down and meet with us, even though you are free to also use the helpful mortgage calculators on our site. For one thing, you'll need a Pre-Qualification Letter! Next, we can study your loan options and be sure you are in the best one. We are eager to meet with you: contact us at 516-431-2009.
Have questions about pre-qualifying? Call us at 516-431-2009. We answer pre-qualification questions every day.