When to Talk to Your Mortgage Professional
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Even if you have not so much as narrowed down homes to view yet, it's valuable to contact your mortgage professional early. Why? Perhaps it's difficult to fathom the ways we could help even before you begin to calculate your offer.
Our mortgage professionals can help you calculate the loan amount you can qualify for and the mortgage payment amount you can afford by getting you pre-qualified. This process outlines your current financial situation - your debts, income, career, and down payment money, among other things. It is a short, thorough process with minimal risks for papercuts.
After you qualify, will give you what's called a Pre-Qualification Letter (your real estate agent may refer to it as a "pre-qual"), that says that we are working with you to find the ideal mortgage loan program to fit your needs and that we're confident you will qualify for a loan for up to a specific amount.
Several beneifits open to you when you have found your new house, and have achieved pre-qualification power. The first is that you'll be sure what you can afford when determining the offer.
Even more important to the seller, your pre-qualification gives them certainty - as if you had entered their home with a big box of cash to back up the offer! They will not need to be concerned they're wasting their time if you do 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 mortgage in the amount you will need.Your qualifying for the necessary loan amount won't be something for them to worry about. You have the ability to back up your offer.
We can help you pre-qualify
When we pre-qualify you, we help you decide the amount you can afford in mortgage payments you can afford, and how much we of a loan you can qualify for. This process walks you through your finances - your debts, income, job, down payment money, among other things. It's a quick, thorough process with minimal risks for papercuts.
Face to Face
It is important to sit down and meet with us, even though you are welcome to also try the helpful mortgage calculators on this site. That way, we will be able to help you get your pre-qualification letter. Then, we'll make sure we have the right mortgage program for you. Let us get you started: Contact us at 9722039033.
Have questions about pre-qualifying? Call us at 9722039033. It's our job to answer pre-qualification questions, so we're happy to help!