Why Pre-Qualification is Important
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It can be helpful to visit with a mortgage loan pro first, even if you haven't settled on what type of home you hope to find. What for? It may be difficult to fathom how we could help even before you begin to calculate your offer.
We Will Help You Pre-Qualify
Our mortgage professionals can help you determine the loan amount you can qualify for and the monthly mortgage payment amount you are able to afford by helping you pre-qualify. The process takes you through your current financial situation - your debt, income, employment, and cash available for down payment, among other things. It is a short, thorough process with minimal risks for papercuts.
Once you are considered eligible, we prove our confidence in your capacity to qualify for a mortgage loan by awarding you a Pre-Qualification Letter (also called a "pre-qual").
Armed with your pre-qualification letter, some advantages are yours once you locate the home you want to put together an offer for. First, it helps you know the amount that you're able to offer.
Even more important to the seller of the house, your pre-qualification status gives them certainty - as if you had entered their home with a bag of cash to make the offer! They won't have to wonder if that they're wasting their time if you do not have the ability to qualify for a high enough mortgage loan. The seller won't be concerned that he won't be able to trust you to qualify for your mortgage in the amount you will need.Your qualifying for the necessary loan amount won't cause them concern. You have the clout of a buyer ready to make the deal right now!
We will help you pre-qualify
Our mortgage professionals can help you determine how much of a loan you can qualify for and the monthly payment amount you are able to afford by helping you pre-qualify. The process outlines your current financial situation - your debts, income, job, down payment money, among other things. It's quick and to the point; and we take pride in keeping the paperwork light.
Face to Face
While you are able to benefit from our mortgage calculators on this website, it is a good idea to sit down and talk with us. For one thing, you will want a Pre-Qualification Letter! Next, we can review your mortgage choices to make sure you have selected the right one. We are waiting to meet with you: contact us at (443) 619-7900.
Have questions about pre-qualifying? Call us at (443) 619-7900. It's our job to answer pre-qualification questions, so we're happy to help!