The Importance of Pre-Qualification
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It can be valuable to visit with a mortgage loan pro early, even before you have determined the sort of home you hope to find. Why? How can we help you if you haven't negotiated a purchase amount, and do not yet know how much you want to borrow?
We Can Help You Pre-Qualify
We will help you see how much of a mortgage loan you can afford, and how much money you can borrow, by walking you through pre-qualifying. In the process, we determine your borrowing capacity - analyzing your employment, available money for down payment, debt, income, and other circumstances. It is a quick, thorough process with minimal risks for papercuts.
After you are determined to be eligible, we will prove our confidence in your potential to qualify for a mortgage loan by giving you a Pre-Qualification Letter (also called a "pre-qual").
A number of advantages open to you when you have found your next house, and have pre-qualification power. First, it helps you know how much you can offer.
Having pre-qualification also will make your offer more attractive to the home seller, like you were bringing them a big box of cash! They will not have to worry that they are wasting their time if you don't have the ability to qualify for a big enough mortgage. The seller of the home won't be concerned that he won't be able to trust you to qualify for your loan.Your qualifying for your needed loan amount won't cause them concern. You can 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 figure out how much of a monthly payment you can fit in your budget, and the size of loan you will qualify for. In the process, we look at your borrowing potential - looking at your employment, available money for down payment, debt, income, and other areas. We as for a minimum amount of paperwork, with a short, basic process.
You can always use the mortgage calculators on this site to calculate how much mortgage you can afford - but it's also valuable to meet with us. For one thing, you will want a Pre-Qualification Letter! For another thing, we could locate a different mortgage program that better fits your needs. Contact us at 425-508-9988 to get started.
Have questions about pre-qualifying? Call us at 425-508-9988. We answer pre-qualification questions every day.