The Importance of Pre-Qualification
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It is valuable to see a mortgage professional early, even before you've decided what type of home you hope to find. Why? What can we do for you before you have negotiated a purchase amount, and do not know yet how much you need to borrow?
Our mortgage professionals can 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 getting you pre-qualified. During this process, we calculate your capacity to borrow - looking at your employment, available money for down payment, existing debt, income, and other circumstances. It's quick and basic; We take pride in keeping the paperwork light.
We will award you a Pre-Qualification Letter if you qualify, that states that we are confident you can qualify for up to a certain amount of mortgage loan dollars.
Holding your pre-qualification letter, several advantages fall at your feet once you find the house you want to put together an offer on. First, you have some general numbers in mind, as the amount you will qualify for with your loan.
Even more important to the existing owner, your pre-qualification gives them confidence - as if you'd entered their house with a bag of cash to make the offer! They will not have to wonder if that they have been wasting their time if you can't have the ability to qualify for a big enough mortgage. The seller of the home won't be concerned that he can't count on you to qualify for your mortgage in the amount you will need.Your qualifying for your needed mortgage loan amount will not be something for them to be concerned about. You can have the sway of a buyer ready to make the deal right now!
We will help you with your pre-qualification
We can help you find out the loan amount you can qualify for and the monthly mortgage payment amount you can afford by helping you pre-qualify. We do this by analyzing your income and debts, your employment and residence situations, your available funds for a down payment, required reserves, and other financial considerations. We require a minimum amount of paperwork, and avoid a lengthy process.
One on one
It is vital to sit down and meet with us, even though you are free to also utilize the helpful mortgage loan calculators on this website. That way, we'll be able to help you get your pre-qualification letter. Then, we'll make sure we have chosen the ideal mortgage program for you. Contact us at 978-422-2311 to get started.
Have questions about pre-qualifying? Call us at 978-422-2311. We answer pre-qualification questions every day.