The Importance of Pre-Qualification
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It can be important to visit with a mortgage professional first, even before you've decided the sort of house to search for. What for? What can we do for you if you haven't negotiated an amount, and don't yet know how much you want to borrow?
We Will Help You Pre-Qualify
We will help determine how much of a mortgage you can afford, and the amount of money you will be able to borrow, by walking you through the pre-qualification process. During the process, we determine your borrowing potential - looking at your earning status, available money for down payment, debts, income, and other areas. It's short and basic; We keep the paperwork light.
After you are determined to be eligible, we prove our confidence in your ability to qualify for a loan by awarding you a Pre-Qualification Letter (also known as a "pre-qual").
When you locate the house that meets your needs, and you decide to make an offer, being pre-qualified for a mortgage loan will do several things. First, you have some general numbers in mind, as the total you can borrow. Even more important to the seller of the house, your pre-qualification status gives them certainty - as if you'd entered their house with a bag of cash to back up the offer! They won't have to worry that they're wasting their time if you can't be able to qualify for a high enough mortgage loan. The seller of the home won't wonder if he can trust you to qualify for your loan.Your qualifying for the necessary loan amount won't be something for them to be concerned about. You have the ability to back up your offer.
We will help you pre-qualify
We can help you determine the loan amount you can qualify for and the monthly payment amount you can afford by helping you pre-qualify. In this process, we explore your borrowing capacity - reviewing your earning status, money available for down payment, debts, income, and other areas. It's short and basic; and we take pride in keeping the paperwork light.
Face to Face
You can always use the calculators available on this website to calculate how much mortgage you'll be able to afford - but it's also valuable to talk with us. That way, we will help you get your pre-qualification letter. For another thing, we may find a different mortgage choice that fits your goals better. Contact us at 281.440.8282 to get your pre-qualification process started.