Why it's Important to Pre-Qualify
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It is important to consult with your mortgage professional as soon as possible — even before you have started narrowing down neighborhoods. What for? When you don't know yet how much home you need to qualify for, how could we help?
We will help you find out the loan amount you can qualify for and the monthly mortgage payment amount you are able to afford by getting you pre-qualified. We can do this by analyzing your debts and income, your employment and housing situations, the funds available for a down payment, required reserves, and some other things. It's a short, thorough process with minimal risks for papercuts.
We'll give you a Pre-Qualification Letter once you qualify, which states that we're confident you'll qualify for a certain amount of mortgage loan dollars.
A number of beneifits open to you once you have found your next house, and have achieved pre-qualification power. First, you have some general numbers in mind, as the amount you will qualify for with your mortgage.
More important to the home seller, your pre-qualification is like your having walked into their house with a suitcase full of cash ready to make the deal! They won't have to be concerned they have been wasting their time if you can't be able to qualify for a high enough mortgage. The seller won't wonder if he can trust you to qualify for your mortgage in the amount you'll need.Your qualifying for the necessary mortgage loan amount will not cause them concern. You have the ability to back your offer up.
We will help you with your pre-qualification
We will help you calculate how much of a loan you can qualify for and the monthly payment amount you are able to afford by getting you pre-qualified. In the process, we look at your borrowing potential - analyzing your job, available money for down payment, existing debt, income, and other circumstances. It's short and to the point; and we take pride in keeping the paperwork light.
One on one
It's vital for you to sit down and talk with us, even though you are free to also try the helpful mortgage calculators on our website. That way, we can help you get your pre-qualification letter. Then, we'll make sure we have the right mortgage program for you. Contact us at (443) 619-7900 to get started.
Have questions about pre-qualifying? Call us at (443) 619-7900. We answer pre-qualification questions every day.