When to Speak to Your Mortgage Pro
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It is important to consult your mortgage loan professional as soon as possible — even before you have started researching neighborhoods. Why? When you do not know yet how much house you need to qualify for, what could we do for you?
When we pre-qualify you, we help you decide how much of a monthly payment you can afford, and the loan amount you can qualify for. In the process, we determine your ability to borrow - reviewing your employment, money available for down payment, debt, income, and other areas. We will require a minimum amount of paperwork, and avoid a lengthy process.
We will award you a Pre-Qualification Letter when you qualify, that documents that we're confident you will qualify for up to a specific amount of mortgage loan dollars.
Power in the Pre-Qual
Several advantages open to you once you have found your dream house, and have pre-qualification power. First, you have some concrete numbers in mind, as the total you can borrow.
Having pre-qualification also will make your offer more attractive to the seller, as if you were bringing them a big box of cash! They will not have to worry that that they have been wasting their time if you can't have the ability to qualify for a big 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 your needed mortgage loan amount won't be something for them to be concerned about. They have a virtual guarantee to trust your buying power.
We will help you pre-qualify
When we pre-qualify you, we help you find out the amount you can afford in mortgage payments you can fit in your budget, and how much we of a loan you can qualify for. The process outlines your finances - your debt, income, career, down payment money, among other things. It's a short, thorough process with minimal risks for papercuts.
Face to Face
It is important for you to sit down and talk with us, even though you are welcome to also try the helpful mortgage calculators on our site. We can work toward your pre-qualification letter. Next, we can study your mortgage program choices and make sure you are in the right one. Let us help you get started: Call us at 248-644-1200.
Have questions about pre-qualifying? Call us at 248-644-1200. Prime Capital Mortgage Corp answers pre-qualifying questions every day.