When to Speak to a Mortgage Professional About Pre-Qualification
Shopping for a mortgage loan? We'll be glad to discuss our mortgage offerings! Give us a call at 978-422-2311. Want to get started? Apply Here.
It is important to consult your mortgage loan professional early — even before you have started researching neighborhoods. What for? If you do not know yet how much house you want to qualify for, how can we help?
We Will Help You Pre-Qualify
We can help you see how much of a mortgage you can afford, and how much money you will be able to borrow, by taking you through the pre-qualification process. During the process, we explore your borrowing potential - reviewing your earning status, available money for down payment, existing debt, income, and other areas. It's short and to the point; We keep the paperwork to a minimum.
After you are determined to be eligible, we document our confidence in your ability to qualify for a mortgage loan by presenting you with a Pre-Qualification Letter (also called a "pre-qual").
Once you find a house that meets your needs, and you want to put together an offer, being pre-qualified for a mortgage loan will do several things. The first is that you will be sure the amount you'll be able to afford when determining your offer.
Even more important to the seller, your pre-qualification gives them certainty - as if you'd come into their house with a bag of cash to make the offer! They need not worry that they have been wasting their time if you won't be able to have the ability to qualify for a high enough mortgage loan. The seller won't be concerned that he can't trust you to qualify for your mortgage in the amount you'll need.Your qualifying for the necessary loan amount won't be something for them to lose sleep over. They have a virtual guarantee to trust your buying power.
We can help you pre-qualify
We can help you see how much of a mortgage loan you can afford, and how much money you will be able to borrow, by walking you through the pre-qualification process. This process outlines your finances - your debts, income, job, down payment money, among other things. It is a quick, thorough process with minimal risks for papercuts.
Face to Face
It's important to sit down and meet with us, even though you are free to also utilize the helpful mortgage calculators on our site. We can begin working on your pre-qualification letter. Next, we can study your loan choices and be sure you have selected the right one. Let us get you started: Contact us at 978-422-2311.
Have questions about pre-qualifying? Call us at 978-422-2311. We answer pre-qualification questions every day.