The Importance of Pre-Qualification
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Even if you've not so much as researched homes to view yet, it can be important to contact your mortgage loan professional first. What for? Perhaps it's hard to understand the way we could help even before you start to talk about prices and negotiations.
We Will Help You Pre-Qualify
We will help determine how much of a mortgage you can afford, and how much money you can borrow, by walking you through the pre-qualification process. In this process, we calculate your capacity to borrow - reviewing your job, money available for down payment, debts, income, and other circumstances. It's short and basic; We take pride in keeping the paperwork to a minimum.
We'll award you a Pre-Qualification Letter after you qualify, which states that we are confident you'll qualify for up to a certain amount of mortgage dollars.
After you locate a house that catches your eye, and you decide to make an offer, being pre-qualified for a mortgage loan will do a couple of things. The first is that you can know the amount you'll be able to afford when determining your offer.
Being pre-qualified can also make your offer more attractive to the seller, as if you were bringing them a suitcase of cash! They will not need to wonder if that they're wasting their time if you can't be able to qualify for a high enough mortgage loan. The seller of the home won't be concerned that he can't count on you to qualify for your loan.Your qualifying for your needed mortgage loan amount will not cause them concern. They have a virtual guarantee that they can trust your buying power.
We can help you pre-qualify
We will help you determine how much of a loan you can qualify for and the monthly mortgage payment amount you can afford by helping you pre-qualify. We accomplish this by analyzing your debts and income, your employment and residence circumstances, your funds available for a down payment, required reserves, and other considerations. It's a short, thorough process with minimal risks for papercuts.
It is vital for you to sit down and talk with us, even though you are welcome to also utilize the helpful mortgage calculator tools on our website. That way, we'll be able to help you get your pre-qualification letter. For another thing, we might find a different mortgage choice that is a better fit for you. Contact us at (443) 619-7900 to get started.
Have questions about pre-qualifying? Call us at (443) 619-7900. Hawk Mortgage Group answers pre-qualifying questions every day.