The Importance of Pre-Qualifying
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It's valuable to visit with a mortgage professional first, even before you've determined what sort of house to search for. What for? What can we do for you if you have not made an offer, and don't know yet how much you need to borrow?
We will help you calculate how much of a mortgage loan you can afford, and how much money you can borrow, by taking you through pre-qualifying. In the process, we determine your borrowing capacity - analyzing your employment, available money for down payment, debt, income, and other circumstances. It is a short, thorough process with minimal risks for papercuts.
At the point you are determined to be eligible, we document our confidence in your potential to qualify for a loan by giving you a Pre-Qualification Letter (also called a "pre-qual").
Power in the Pre-Qual
Various advantages open to you once you find your new house, and have pre-qualification. First, you have some definite numbers in mind, as the amount you will be able to borrow.
Your pre-qualification can also make your offer look even better to the home seller, like you were bringing them a suitcase of cash! They won't need to be concerned that they're wasting their time if you will not be able to qualify for a big enough mortgage. The seller of the home won't be concerned that he can't trust you to qualify for your loan.Your qualifying for your needed mortgage loan amount won't be something for them to be concerned about. They have a virtual guarantee to trust your ability to back up your offer.
We help with your pre-qualification
We 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 the process, we explore your ability to borrow - looking at your job, money available for down payment, debt, income, and other circumstances. It's a short, thorough process with minimal risks for papercuts.
Face to Face
You can always use the mortgage calculators available on this site to get an idea of how much mortgage you'll be able to afford - but it's also valuable to meet with one of our mortgage professionals. That way, we'll help you get your pre-qualification letter. Then, we'll make sure we have the right mortgage loan program for you. We're eager to hear from you: contact us at (813) 200-7931.
Have questions about pre-qualifying? Call us at (813) 200-7931. We answer pre-qualification questions every day.