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It's valuable to consult your mortgage professional early — even before you've started narrowing down neighborhoods. What for? What can we do for you if you haven't made an offer, and do not yet know how much you need to borrow?
We Can Help You Pre-Qualify
We 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. In the process, we calculate your capacity to borrow - analyzing your earning status, available money for down payment, debt, income, and other areas. It's short and to the point; We take pride in keeping the paperwork to a minimum.
Once you qualify, we give you what's called a Pre-Qualification Letter (your real estate agent may call it a "pre-qual"), that says that we are helping you to find the right mortgage to fit your financial needs and that we're confident you'll qualify for a mortgage loan up to a certain amount.
Holding your pre-qualification letter, a number of advantages fall at your feet at the point you locate the home you want to put together an offer for. First, it lets you know the amount that you are able to offer.
More important to the current home owner, your pre-qualification is like your having entered their house with a bag full of money to purchase their home! They will not need to be concerned that they are wasting their time if you will not be able to qualify for a big enough mortgage. The seller of the home won't worry if he can trust you to qualify for your loan.Your qualifying for your needed loan amount won't be something for them to fret over. You have the influence of a buyer ready to make the deal right now!
We will help you pre-qualify
When we pre-qualify you, we help you decide how much of a monthly mortgage payment you can afford, and how much we of a loan you will qualify for. The process outlines your finances - your debts, income, employment, down payment money, among other things. We will ask for a minimum amount of paperwork, and avoid a lengthy process.
One on one
You can always use the calculators on our site to get an idea of how much mortgage you will be able to afford - but it's also essential to meet with one of our mortgage professionals. We can begin getting your pre-qualification letter. Then, we can make sure we have the ideal mortgage loan program for you. We are eager to meet with you: contact 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.
Get the Best Mortgage Rate! Tell us a little about your current needs and we can use that information to match you with just the right loan.