Why it's Important to Pre-Qualify
Shopping for a mortgage loan? We will be glad to help! Call us at 425-508-9988. Want to get started? Apply Online Now.
It can be important to visit with a mortgage loan pro early, even if you haven't settled on the sort of home you hope to find. Why? Maybe it is hard to fathom how we could help even before you begin to negotiate.
We Will Help You Pre-Qualify
When we pre-qualify you, we help you find out how much of a monthly mortgage payment you can fit in your budget, and how much we of a loan you will qualify for. In the process, we look at your ability to borrow - analyzing your employment, available money for down payment, debt, income, and other circumstances. We ask for a minimum amount of paperwork, and avoid a lengthy process.
When you are considered eligible, we prove our confidence in your ability to qualify for a mortgage loan by presenting you with a Pre-Qualification Letter (also called a "pre-qual").
With your pre-qualification letter, some advantages are yours at the point you find the house you want to put together an offer for. First, you have some definite numbers in mind, as the total you will qualify for on your loan.
Of greater importance to the existing home owner, your being pre-qualified is like your having walked into their house with a bag full of cash ready to make the deal! They won't need to be concerned that they are wasting their time if you will not be able to qualify for a big enough mortgage loan. 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. They have a virtual guarantee that they can trust your buying power.
We will help you with your pre-qualification
When we pre-qualify you, we help you figure out how much of a monthly mortgage payment you can fit in your budget, and the loan amount you will qualify for. This process takes you through your financial situation - your debt, income, job, cash available for down payment, among other things. It's short and to the point; and we keep the paperwork light.
It's important for you to sit down and meet with us, even though you are welcome to also use the helpful mortgage loan calculators on our website. For one thing, you'll want a Pre-Qualification Letter! Then, we'll make sure we have the best mortgage program for you. Let us get you started: Contact us at 425-508-9988.
Have questions about pre-qualifying? Call us at 425-508-9988. We answer pre-qualification questions every day.