Even if you've not so much as narrowed down homes to visit yet, it's advantageous to contact your mortgage pro early. Why? If you don't yet know how much house you want to qualify for, what can we do for you?
We Can Help You Pre-Qualify
We can 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. This process outlines your finances - your debt, income, career, and cash available for down payment, among other things. We require a minimum amount of paperwork, with a short,basic process.
After you qualify, we present to you a Pre-Qualification Letter (your real estate agent might refer to it as a "pre-qual"), which says that we are working with you to find the ideal mortgage loan program to meet your needs and that we're confident you will qualify for a loan up to a specific amount.
With your pre-qualification letter, several advantages fall at your feet at the point you locate the house you want to make an offer for. First, it helps you know the amount that you're able to offer. Your pre-qualification also will make your offer more attractive to the seller, like you were bringing them a big box of cash! They won't need to be concerned that they are wasting their time if you will not have the ability to qualify for a big enough mortgage loan. The seller won't wonder if he can count on you to qualify for your mortgage in the amount you'll need.Your qualifying for your needed loan amount won't be something for them to worry about. You'll have the clout of a buyer ready to make the purchase right now!
We help with your pre-qualification
We will help you calculate how much of a mortgage you can afford, and the amount of money you can borrow, by taking you through the pre-qualification process. This process outlines your financial situation - your debts, income, employment, cash available for down payment, among other things. It's a quick, thorough process with minimal risks for papercuts.
You can always use the mortgage calculators here on our site to get an idea of how much mortgage you'll be able to afford - but it's also valuable to talk with one of our mortgage professionals. That way, we'll be able to help you get your pre-qualification letter. Next, we can review your mortgage program choices and make sure you are in the best one. Contact us at 610-572-3635 to get started.