When to Speak to a Mortgage Professional About Pre-Qualification
Have questions about pre-qualifying? Call us at 623-340-0934. It's our job to answer pre-qualification questions, so we're happy to help! Ready to begin? Apply Online Now
Even if you have not researched houses to visit yet, it can be advantageous to see your mortgage pro first. Why? When you do not know yet how much home you want to qualify for, what can we do for you?
Our mortgage professionals will help you find out the loan amount you can qualify for and the monthly payment amount you are able to afford by helping you pre-qualify. In this process, we explore your ability to borrow - looking at your employment, available money for down payment, existing debt, income, and other circumstances. It's quick and to the point; We take pride in keeping the paperwork to a minimum.
When you qualify, will present to you a Pre-Qualification Letter (your real estate agent may call it a "pre-qual"), that says that we are helping you to find the ideal mortgage loan program to fit your situation and that we are confident you will qualify for a mortgage up to a certain amount.
When you locate a house that is right for you, and you want to put together an offer, being pre-qualified for a loan will do several things. First of all, you have some definite numbers in mind, as the amount you can borrow. Your pre-qualification can also make your offer more attractive to the seller, like you were bringing them a suitcase full of cash! They won't have to worry that that they are wasting their time if you do not have the ability to qualify for a high 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 mortgage loan amount will not cause them concern. They have a virtual guarantee to trust your buying power.
We will help you with your pre-qualification
When we pre-qualify you, we help you decide how much of a monthly mortgage payment you can afford, and the loan amount you will qualify for. We achieve this by analyzing your income and debts, your work and residence circumstances, the available funds for down payment, required reserves, and some other things. We require a minimum amount of paperwork, and avoid a lengthy process.
One on one
While you are encouraged to try our mortgage calculators on our site, it's essential to meet with one of our mortgage professional team members. For one thing, you will want a Pre-Qualification Letter! Next, we can review your loan choices and make sure you are in the right one. Contact us at 623-340-0934 to get your pre-qualification process started.