Why Pre-Qualification is Important
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Even if you haven't so much as narrowed down homes to visit yet, it's valuable to contact your mortgage pro first. What for? Maybe it is difficult to fathom the ways in which we could help even before you start to calculate your offer.
We Will Help You Pre-Qualify
When we pre-qualify you, we help you determine the amount in monthly payments you can fit in your budget, and the loan amount you can qualify for. The process leads you through your current financial situation - your debts, income, career, and cash available for down payment, among other things. It's quick and to the point; We take pride in keeping the paperwork light.
At the point you are considered eligible, we will prove our confidence in your capacity to qualify for a loan by presenting you with a Pre-Qualification Letter (also called a "pre-qual").
Holding your pre-qualification letter, a number of advantages fall at your feet at the point you locate the house you want to put together an offer for. First, it helps you know how much you're able to offer. Even more important to the seller of the house, your pre-qualification gives them certainty - as if you had arrived at their home with a suitcase of cash to back up the offer! They will not have to wonder if they are wasting their time if you can't be able to qualify for a high enough mortgage. The seller of the home won't wonder if he can trust you to qualify for your loan.Your qualifying for your needed mortgage loan amount won't be something for them to be concerned about. You have the capability 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 the amount of money you can borrow, by taking you through pre-qualifying. During the process, we explore your borrowing power - looking at your earning status, available money for down payment, debts, income, and other circumstances. It's quick and basic; and we take pride in keeping the paperwork to a minimum.
It's important for you to sit down and talk with us, even though you are welcome to also use the helpful mortgage loan calculators on our site. We can walk you through your pre-qualification letter. Next, we can study your mortgage choices to make sure you are in the best one. Contact us at (856) 988-8100 x3015 to get started.
Have questions about pre-qualifying? Call us at (856) 988-8100 x3015. It's our job to answer pre-qualification questions, so we're happy to help!