When to Talk to a Mortgage Professional
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It can be helpful to visit with a mortgage loan pro early, even before you have decided what sort of house to look for. Why? If you don't yet know how much house you want to qualify for, what can we do for you?
We Can Help You Pre-Qualify
When we pre-qualify you, we help you figure out how much of a monthly mortgage payment you can afford, and the loan amount you can qualify for. In the process, we determine your borrowing capacity - reviewing your job, money available for down payment, debt, income, and other circumstances. We will ask for a minimum amount of paperwork, and avoid a lengthy process.
When you qualify, will present to you a Pre-Qualification Letter (your real estate agent might refer to it as a "pre-qual"), that documents the fact that we are helping you to find the best loan to fit your needs and that we're confident you'll qualify for a loan for a specific amount.
Several advantages open to you once you find your dream house, and have achieved pre-qualification. The first is that you will be sure what you can afford when putting together your offer.
Of greater importance to the existing home owner, your pre-qualification is like your having entered their front door with a bag full of money ready to make the deal! They will not have to worry that they're wasting their time if you do not be able to qualify for a big enough mortgage loan. The seller 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 the necessary mortgage loan amount will not cause them concern. You will have the influence of a buyer ready to make the deal on the spot!
We can help you pre-qualify
When we pre-qualify you, we help you find out the amount you can afford in monthly payments you can fit in your budget, and how much we of a loan you will qualify for. The process leads you through your finances - your debt, income, employment, down payment money, among other things. We as for a minimum amount of paperwork, with a quick process.
It is vital for you to sit down and meet with us, even though you are welcome to also utilize the helpful mortgage calculator tools on this site. We can work toward your pre-qualification letter. For another thing, we may find a different mortgage choice that fits your situation better. We're eager to hear from you: call 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.