When to Talk to a Mortgage Pro About Pre-Qualifying
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It can be valuable to see a mortgage loan pro early, even if you haven't settled on what type of home to look for. Why? How can we help before you have made an offer, and do not know yet how much you want to borrow?
We Can Help You Pre-Qualify
When we pre-qualify you, we help you figure out how much of a monthly mortgage payment you can fit in your budget, and the loan amount you can qualify for. The process outlines your current financial situation - your debts, income, job, and cash available for down payment, among other things. We will require a minimum amount of paperwork, with a short,basic process.
Once you are considered eligible, we prove our confidence in your potential to qualify for a mortgage loan by giving you a Pre-Qualification Letter (also known as a "pre-qual").
Holding your pre-qualification letter, several advantages fall at your feet once you find the house you want to put together an offer on. The first is that you'll be sure what you will be able to afford when calculating the offer. Even more important to the current owner, your pre-qualification letter gives them confidence - as if you'd come to their home with a big box of cash to make the offer! They need not worry that that they have been wasting their time if you don't be able to qualify for a high enough mortgage loan. The seller of the home won't worry if he can count on you to qualify for your loan.Your qualifying for the necessary loan amount won't be something for them to worry about. You have the ability to back your offer up.
We will help you pre-qualify
When we pre-qualify you, we help you decide how much of a monthly payment you can afford, and how much we of a loan you can qualify for. We will accomplish this by analyzing your income and debts, your employment and residence circumstances, your available funds for a down payment, required reserves, and some other things. It is a short, thorough process with minimal risks for papercuts.
Face to Face
While you are encouraged to use our tools to calculate mortgage variables on our site, it will be essential to meet with us. For one thing, you will need a Pre-Qualification Letter! For another thing, we may locate a different mortgage program that fits your situation better. Let us help you get started: Contact us at (713) 528-1245.
Have questions about pre-qualifying? Call us at (713) 528-1245. We answer pre-qualification questions every day.