Why Pre-Qualify?

	In the market for a new mortgage loan? We'd be thrilled to talk about your mortgage needs! Give us a call at (941) 366-5800. Ready to begin? Apply Now.

It's helpful to visit with a mortgage professional first, even before you've decided the sort of home you hope to find. What for? When you don't know yet how much home you need to qualify for, how can we help?

We Will Help You Pre-Qualify

Our mortgage professionals can help you find out how much of a loan you can qualify for and the monthly mortgage payment amount you are able to afford by helping you pre-qualify. During this process, we calculate your ability to borrow - looking at your employment, available money for down payment, debts, income, and other areas. We require a minimum amount of paperwork, with a quick process.

After you qualify, we give you a Pre-Qualification Letter (your real estate agent might call it a "pre-qual"), which documents the fact that we are helping you to find the right mortgage loan program to meet your financial needs and that we're confident you will qualify for a loan for up to a specific amount.

Buying Power

Various beneifits open to you after you find your next house, and have achieved pre-qualification power. The first is that you will be sure the amount you will be able to afford when determining the offer. Of greater importance to the home seller, your pre-qualification is like your having entered their house with a suitcase full of money ready to purchase the house! They will not need to worry that they're wasting their time if you don't be able to qualify for a big enough mortgage loan. The seller of the home won't be concerned that he can't trust you to qualify for your mortgage in the amount you'll need.Your qualifying for your needed mortgage loan amount won't be something for them to lose sleep over. You'll have the influence of a buyer ready to make the purchase right now!

We help with your pre-qualification

When we pre-qualify you, we help you determine the amount you can afford in monthly mortgage payments you can fit in your budget, and how much we of a loan you will qualify for. During this process, we look at your capacity to borrow - analyzing your job, available money for down payment, debt, income, and other circumstances. It's a short, thorough process with minimal risks for papercuts.

One on one

While you are encouraged to use our mortgage calculators on our site, it is a good idea to sit down and talk with us. We can begin working on your pre-qualification letter. Next, we can consider your mortgage loan options and be sure you are in the right one. Let us help you get started: 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.