The Importance of Pre-Qualification
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It is important to visit with a mortgage loan pro first, even if you haven't settled on what type of home you hope to find. What for? What can we do for you before you have made an offer, and do not yet know how much you need to borrow?
We Will Help You Pre-Qualify
We will help you see how much of a mortgage you can afford, and how much money you can borrow, by walking you through the pre-qualification process. The process walks you through your finances - your debt, income, career, and cash available for down payment, among other things. It's quick and basic; We keep the paperwork to a minimum.
Once you qualify, will present to you a Pre-Qualification Letter (your real estate agent may call it a "pre-qual"), which states that we are helping you to find the ideal mortgage loan program to fit your financial needs and that we're confident you will qualify for a loan for a specific amount.
Power in the Pre-Qual
Armed with your pre-qualification letter, a number of advantages fall at your feet once you locate the home you want to put together an offer for. The first is that you'll be sure the amount you can afford when putting together the offer.
Even more important to the current owner, your pre-qualification status gives them certainty - as if you'd come into their home with a bag of cash to make the offer! They won't need to worry that that they have been wasting their time if you won't be able to be able to qualify for a high enough mortgage. The seller won't wonder if he can count on you to qualify for your loan.Your qualifying for the necessary mortgage loan amount won't be something for them to fret over. They have a virtual guarantee to trust your buying power.
We will help you pre-qualify
We can help determine how much of a mortgage you can afford, and how much money you may be able to borrow, by walking you through the pre-qualification process. We do this by considering your income and debts, your work and residence situations, the funds available for a down payment, required reserves, and some other things. It's quick and basic; and we take pride in keeping the paperwork to a minimum.
Face to Face
While you are able to try our mortgage calculators on this site, it will be a good idea to sit down and talk with us. We can walk you through your pre-qualification letter. Next, we can study your loan options and be sure you are in the best one. We're eager to hear from you: call us at 425-508-9988.
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!
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