When to Talk to Your Mortgage Pro
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It's valuable to consult with your mortgage loan professional as soon as possible — even before you've begun researching neighborhoods. Why? What can we do for you if you haven't negotiated a price, and don't 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 payment amount you are able to afford by getting you pre-qualified. We can accomplish this by analyzing your debts and income, your work and residence circumstances, the funds available for down payment, required reserves, and other considerations. We ask for a minimum amount of paperwork, and avoid a lengthy process.
At the point you are considered eligible, we will prove our confidence in your ability to qualify for a mortgage by awarding you a Pre-Qualification Letter (also called a "pre-qual").
Various beneifits open to you after you find your dream house, and have pre-qualification. 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 status gives them confidence - as if you'd entered their home with a big box of cash to make the offer! They will not need to wonder if that they're wasting their time if you do not have the ability to qualify for a high enough mortgage. The seller of the home won't be concerned that he can't count on you to qualify for your loan.Your qualifying for the necessary mortgage loan amount will not cause them concern. You have the capability to back up your offer.
We will help you pre-qualify
When we pre-qualify you, we help you decide how much of a monthly mortgage payment you can fit in your budget, and the loan amount you will qualify for. This process leads you through your financial situation - your debts, income, job, cash available for down payment, among other things. We as for a minimum amount of paperwork, with a short, basic process.
One on one
It's vital to sit down and talk with us, even though you are free to also utilize the helpful mortgage calculators on this site. We can work toward your pre-qualification letter. Next, we can study your mortgage loan options to make sure you are in the right one. We are eager 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.