The Importance of Pre-Qualification

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It is important to bring in your mortgage professional early — even before you've started to research neighborhoods. Why? Maybe it is hard to fathom how we can help even before you begin to negotiate.

We Will Help You Pre-Qualify

When we pre-qualify you, we help you determine the amount in monthly payments you can afford, and how much we of a loan you will qualify for. The process leads you through your current financial situation - your debt, income, career, and cash available for down payment, among other things. It is a short, thorough process with minimal risks for papercuts.

We will give you a Pre-Qualification Letter once you qualify, that documents that we are confident you can qualify for up to a certain amount of mortgage dollars.

Buying Power

Several advantages open to you once you have found your next house, and have pre-qualification. First, it lets you know the amount that you're able to offer. Even more important to the existing owner, your pre-qualification status gives them confidence - as if you'd come into their home with a suitcase of cash to make the offer! They won't need to worry that they're wasting their time if you will not have the ability to qualify for a big enough mortgage. The seller of the home won't worry if he can trust you to qualify for your mortgage in the amount you'll need.Your qualifying for your needed loan amount will not cause them concern. You'll have the sway of a buyer ready to make the deal on the spot!

We will help you pre-qualify

When we pre-qualify you, we help you figure out the amount you can afford in mortgage payments you can fit in your budget, and the size of loan you will qualify for. In this process, we calculate your borrowing potential - analyzing your employment, money available for down payment, debts, income, and other circumstances. We require a minimum amount of paperwork, and avoid a lengthy process.

Face to Face

While you are encouraged to benefit from our mortgage calculators on this website, it is a good idea to meet with one of our mortgage professional team members. For one thing, you will want a Pre-Qualification Letter! For another thing, we may find a different mortgage option that is a better fit for you. We're eager to hear from you: call us at (941) 366-5800.

Have questions about pre-qualifying? Call us at (941) 366-5800. New Millennium Mortgage Co. NMLS: 331173 answers pre-qualifying questions every day.

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