Why Pre-Qualification is Important
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Even if you've not researched homes to visit yet, it can be valuable to see your mortgage professional early. What for? When you do not know yet how much house you want to qualify for, what can we do for you?
We Will Help You Pre-Qualify
Our mortgage professionals will help you determine how much of a loan you can qualify for and the mortgage payment amount you are able to afford by getting you pre-qualified. This process outlines your finances - your debt, income, employment, and cash available for down payment, among other things. It's short and to the point; We take pride in keeping the paperwork to a minimum.
When you are considered eligible, we document our confidence in your potential to qualify for a loan by presenting you with a Pre-Qualification Letter (also called a "pre-qual").
Once you locate a house that meets your needs, and you want to make an offer, being pre-qualified for a mortgage loan will do several things. First, you have some concrete numbers in mind, as the total you will qualify for on your loan.
Even more important to the seller, your pre-qualification status gives them certainty - as if you'd come to their home with a big box of cash to back up the offer! They will not need to be concerned they have been wasting their time if you will not have the ability to qualify for a big enough mortgage loan. The seller of the home won't be concerned that he won't be able to trust you to qualify for your mortgage in the amount you will need.Your qualifying for your needed loan amount won't cause them concern. You will have the sway of a buyer ready to make the deal on the spot!
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. This process takes you through your current financial situation - your debts, income, employment, cash available for down payment, among other things. We require a minimum amount of paperwork, and avoid a lengthy process.
One on one
It is important to sit down and talk with us, even though you are welcome to also try the helpful mortgage calculators on our website. We can walk you through your pre-qualification letter. For another thing, we may find a different mortgage loan option that fits your needs better. Contact us at 978-422-2311 to get your pre-qualification process started.
Have questions about pre-qualifying? Call us at 978-422-2311. PREMIERE MORTGAGE SERVICES INC. answers pre-qualifying questions every day.