Why Pre-Qualification is Important
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It's valuable to consult with your mortgage professional as soon as possible — even before you have begun researching neighborhoods. Why? Maybe it's difficult to understand the ways in which we can help even before you begin to talk about prices and negotiations.
We Can Help You Pre-Qualify
Our mortgage professionals can help you calculate the loan amount you can qualify for and the monthly mortgage payment amount you can afford by getting you pre-qualified. We can accomplish this by reviewing your debts and income, your employment and residence situations, the available funds for down payment, required reserves, and other financial considerations. It is a short, thorough process with minimal risks for papercuts.
We give you a Pre-Qualification Letter when you qualify, which documents that we are confident you'll qualify for up to a certain amount of mortgage loan dollars.
Power in the Pre-Qual
A number of beneifits open to you once you have found your dream house, and have pre-qualification. The first is that you will be sure the amount you'll be able to afford when determining your offer.
Even more important to the seller of the home, your pre-qualification status gives them certainty - as if you had come to their home with a suitcase of cash to back up the offer! They won't need to wonder if they're wasting their time if you will not be able to qualify for a big enough mortgage loan. The seller won't be concerned that he can't trust you to qualify for your mortgage in the amount you'll need.Your qualifying for your needed loan amount won't cause them concern. You can have the sway of a buyer ready to make the purchase right now!
We will help you pre-qualify
We can help determine how much of a mortgage loan you can afford, and the amount of money you will be able to borrow, by taking you through the pre-qualification process. We achieve this by considering your income and debts, your work and housing circumstances, your funds available for a down payment, required reserves, and some other things. It's a short, thorough process with minimal risks for papercuts.
Face to Face
While you are able to benefit from our mortgage calculators on our site, it will be a good idea to meet with one of our mortgage professional team members. For one thing, you'll want a Pre-Qualification Letter! For another thing, we may locate a different mortgage program that is a better fit for you. Let us get you started: Contact us at 407-834-3377.
Have questions about pre-qualifying? Call us at 407-834-3377. Contemporary Mortgage Services, Inc answers pre-qualifying questions every day.
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