When to Talk to Your Mortgage Pro
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It is valuable to see a mortgage loan pro early, even before you have determined what type of home you hope to find. Why? What can we do for you if you have not negotiated a price, and don't know yet the amount you need to borrow?
We Will Help You Pre-Qualify
Our mortgage professionals will help you find out how much of a loan you can qualify for and the monthly mortgage payment amount you are able to afford by helping you pre-qualify. We will achieve this by reviewing your debts and income, your employment and housing circumstances, your available funds for a down payment, required reserves, and other considerations. It is a short, thorough process with minimal risks for papercuts.
We will give you a Pre-Qualification Letter if you qualify, that documents that we are confident you will qualify for up to a certain amount of mortgage dollars.
After you locate the 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, you have some concrete numbers in mind, as the amount you will qualify for on your mortgage loan.
More important to the home seller, your pre-qualification is like your having walked into their house with a bag full of cash to make the deal! They will not need to wonder if that they have been wasting their time if you can't be able to qualify for a high enough mortgage loan. The seller won't be concerned that he can't trust you to qualify for your loan.Your qualifying for your needed mortgage loan amount will not cause them concern. You have the ability to back up your offer.
We will help you with your pre-qualification
We will help you see how much of a mortgage loan you can afford, and the amount of money you can borrow, by walking you through the pre-qualification process. The process leads you through your current financial situation - your debt, income, job, down payment money, among other things. It's quick and to the point; and we take pride in keeping the paperwork light.
While you can try our mortgage calculators on our website, it will be a good idea to sit down and talk with us. For one thing, you'll need a Pre-Qualification Letter! Next, we can review your loan choices to make sure you have chosen the best one. We're waiting to meet with you: contact us at 978-422-2311.
Have questions about pre-qualifying? Call us at 978-422-2311. PREMIERE MORTGAGE SERVICES INC. answers pre-qualifying questions every day.