When to Speak to Your Mortgage Pro About Pre-Qualifying
Shopping for a mortgage loan? We'll be glad to discuss our mortgage offerings! Call us at 425-508-9988. Want to get started? Apply Here.
It is important to visit with a mortgage loan pro first, even before you've determined the kind of house to search for. Why? If you don't yet know how much house you need to qualify for, how can we help?
We Will Help You Pre-Qualify
When we pre-qualify you, we help you decide how much of a monthly payment you can afford, and how much we of a loan you can qualify for. In the process, we look at your borrowing power - reviewing your employment, money available for down payment, debt, income, and other circumstances. It's a quick, thorough process with minimal risks for papercuts.
Once you qualify, will give you a Pre-Qualification Letter (your real estate agent may refer to it as a "pre-qual"), which documents the fact that we are helping you to find the ideal mortgage loan to fit your financial needs and that we are confident you'll qualify for a mortgage loan for a certain amount.
Power in the Pre-Qual
Several advantages open to you when you find your new house, and have achieved pre-qualification. The first is that you'll know what you'll be able to afford when putting together the offer.
Even more important to the seller of the home, your pre-qualification status gives them certainty - as if you'd entered their home with a big box of cash to back up the offer! They won't have to be concerned that they have been wasting their time if you don't be able to qualify for a big enough mortgage. The seller won't be concerned that he won't be able to count on you to qualify for your loan.Your qualifying for your needed loan amount won't be something for them to worry about. You have the capability to back up your offer.
We will help you pre-qualify
We will help determine how much of a mortgage you can afford, and how much money you may be able to borrow, by taking you through the pre-qualification process. The process leads you through your finances - your debt, income, job, down payment money, among other things. We as for a minimum amount of paperwork, with a short, basic process.
One on one
While you are able to use our tools to calculate mortgage variables on this site, it will be a good idea to meet with us. For one thing, you will want a Pre-Qualification Letter! For another thing, we could find a different mortgage loan option that fits your goals better. Contact us at 425-508-9988 to get your pre-qualification process started.
Have questions about pre-qualifying? Call us at 425-508-9988. It's our job to answer pre-qualification questions, so we're happy to help!