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 advantageous to see your mortgage pro early. What for? How can we help you if you have not negotiated a purchase amount, and don't know yet how much you need to borrow?
We Can Help You Pre-Qualify
We can help you see how much of a mortgage loan you can afford, and the amount of money you may be able to borrow, by taking you through the pre-qualification process. This process outlines your finances - your debt, income, job, and down payment money, among other things. It's short and to the point; We take pride in keeping the paperwork to a minimum.
We'll award you a Pre-Qualification Letter once you qualify, that documents that we are confident you'll qualify for a certain amount of mortgage loan dollars.
Power in the Pre-Qual
With your pre-qualification letter, some advantages are yours when you locate the home you want to put together an offer for. First of all, you have some concrete numbers in mind, as the amount you can borrow.
More important to the existing home owner, your pre-qualification is like your having walked into their house with a bag full of money ready to make the deal! They won't need to wonder if that they're wasting their time if you can't have the ability 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 will need.Your qualifying for the necessary mortgage loan amount will not be something for them to fret over. You have the capability to back up your offer.
We will help you with your pre-qualification
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. We accomplish this by analyzing your debts and income, your employment and residence situations, your available funds for a down payment, required reserves, and other considerations. We as for a minimum amount of paperwork, and avoid a lengthy process.
Face to Face
You can always use the mortgage calculators on our site to get an idea of how much mortgage you will be able to afford - but it's also important to meet with us. That way, we will help you get your pre-qualification letter. Next, we can review your mortgage options to be sure you are in the right one. We're eager to meet with you: contact us at 248-644-1200.
Have questions about pre-qualifying? Call us at 248-644-1200. We answer pre-qualification questions every day.
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