When to Talk to Your Mortgage Professional
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It is important to consult with your mortgage loan professional early — even before you've started to research neighborhoods. What for? When you do not yet know how much house you want to qualify for, how can we help?
Our mortgage professionals will help you find out the loan amount you can qualify for and the mortgage payment amount you are able to afford by helping you pre-qualify. In the process, we determine your capacity to borrow - looking at your employment, available money for down payment, debts, income, and other circumstances. It's quick and to the point; We take pride in keeping the paperwork light.
After you qualify, we give you what's called a Pre-Qualification Letter (your real estate agent may refer to it as a "pre-qual"), which says that we are working with you to find the right mortgage to meet your financial needs and that we're confident you'll qualify for a mortgage loan up to a specific amount.
Armed with your pre-qualification letter, several advantages are yours once you find the home you want to put together an offer on. First, you have some concrete numbers in mind, as the total you will qualify for with your loan.
Having pre-qualification also will make your offer look even better to the home seller, as if you were bringing them a suitcase of cash! They need not wonder if they're wasting their time if you can't be able to qualify for a high enough mortgage loan. The seller of the home won't be concerned that he can't trust you to qualify for your mortgage in the amount you'll need.Your qualifying for the necessary mortgage loan amount won't be something for them to be concerned about. They have a virtual guarantee that they can trust your buying power.
We will 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 are able to afford by helping you pre-qualify. This process walks you through your current financial situation - your debt, income, employment, cash available for down payment, among other things. It is a short, thorough process with minimal risks for papercuts.
It's vital for you to sit down and talk with us, even though you are free to also utilize the helpful mortgage loan calculator tools on our site. We can walk you through your pre-qualification letter. For another thing, we could locate a different mortgage program that better fits your needs. Contact us at 407-834-3377 to get started.
Have questions about pre-qualifying? Call us at 407-834-3377. It's our job to answer pre-qualification questions, so we're happy to help!
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