Why it's Important to Pre-Qualify
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It is important to consult with your mortgage loan professional early — even before you have begun researching neighborhoods. Why? It might be hard to fathom the ways we can help even before you start to calculate your offer.
We Can Help You Pre-Qualify
Our mortgage professionals can help you find out how much of a loan you can qualify for and the mortgage payment amount you are able to afford by getting you pre-qualified. The process outlines your finances - your debt, income, job, and down payment money, among other things. It is a short, thorough process with minimal risks for papercuts.
When you are determined to be eligible, we prove our confidence in your potential to qualify for a loan by presenting you with a Pre-Qualification Letter (also known as a "pre-qual").
Power in the Pre-Qual
Various beneifits open to you once you've found your dream house, and have achieved pre-qualification. First of all, you have some general numbers in mind, as the total you will qualify for with your mortgage.
Even more important to the seller of the home, your pre-qualification letter gives them confidence - as if you'd entered their house with a bag of cash to make the offer! They need not worry that they're wasting their time if you will not be able to qualify for a big enough mortgage loan. The seller of the home 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 your needed mortgage loan amount will not cause them concern. They have a virtual guarantee to trust your ability to back up your offer.
We help with your pre-qualification
We can help you calculate how much of a mortgage you can afford, and how much money you can borrow, by walking you through pre-qualifying. In the process, we calculate your borrowing potential - looking at your job, available money for down payment, debts, income, and other circumstances. It's short and to the point; and we keep the paperwork to a minimum.
Face to Face
You can always use the mortgage calculators here on this site to get an idea of how much mortgage you will be able to afford - but it's also essential to meet with us. For one thing, you will need a Pre-Qualification Letter! For another thing, we may find a different mortgage program that fits your goals better. We're waiting to hear from you: call us at 410-451-2755.
Have questions about pre-qualifying? Call us at 410-451-2755. We answer pre-qualification questions every day.