The Importance of Pre-Qualification
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Even if you have not picked out houses to visit yet, it's valuable to contact your mortgage loan professional early. What for? When you don't yet know how much house you need to qualify for, how could we help?
We Will Help You Pre-Qualify
When we pre-qualify you, we help you determine the amount in monthly mortgage payments you can afford, and the loan amount you can qualify for. We will achieve this by analyzing your income and debts, your work and housing situations, the funds available for down payment, required reserves, and other considerations. We require a minimum amount of paperwork, with a short,basic process.
After you qualify, we give you a Pre-Qualification Letter (your real estate agent might call it a "pre-qual"), that states that we are partnering with you to find the right loan to meet your situation and that we're confident you will qualify for a mortgage up to a specific amount.
Armed with your pre-qualification letter, some advantages are yours when you locate the house you want to put together an offer for. The first is that you can know what you'll be able to afford when putting together the offer.
Of greater importance to the seller, your being pre-qualified is like your having entered their front door with a bag full of cash ready to purchase the home! They won't need to worry that that they are wasting their time if you do not be able to qualify for a high enough mortgage. The seller of the home won't worry if he can count on you to qualify for your mortgage in the amount you will need.Your qualifying for the necessary mortgage loan amount won't cause them concern. You will have the sway of a buyer ready to make the purchase on the spot!
We can help you pre-qualify
We can help you calculate how much of a mortgage you can afford, and the amount of money you may be able to borrow, by walking you through the pre-qualification process. We will accomplish this by reviewing your debts and income, your employment and housing circumstances, the funds available for a down payment, required reserves, and some other things. We will require a minimum amount of paperwork, with a quick process.
It is important for you to sit down and meet with us, even though you are welcome to also utilize the helpful mortgage loan calculators on this website. That way, we will help you get your pre-qualification letter. Then, we'll make sure we have selected the ideal mortgage loan program for your situation. Contact us at (941) 366-5800 to get your pre-qualification process started.
Have questions about pre-qualifying? Call us at (941) 366-5800. It's our job to answer pre-qualification questions, so we're happy to help!