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Even if you've not narrowed down houses to view yet, it is advantageous to visit with your mortgage pro early. Why? Perhaps it is hard to understand the ways in which we can help even before you start to negotiate.
We Will Help You Pre-Qualify
We can help determine 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 takes you through your finances - your debts, income, job, and cash available for down payment, among other things. It is a quick, thorough process with minimal risks for papercuts.
Once you qualify, we give you what's called a Pre-Qualification Letter (your real estate agent might refer to it as a "pre-qual"), which says that we are helping you to find the ideal loan program to fit your financial needs and that we're confident you will qualify for a mortgage loan up to a specific amount.
Power in the Pre-Qual
When you find the house that meets your needs, and you want to make an offer, being pre-qualified for a mortgage loan will do a number of things. First of all, you have some concrete numbers in mind, as the total you can borrow.
Even more important to the seller, your pre-qualification gives them certainty - as if you'd arrived at their home with a big box of cash to back up the offer! They need not worry that they have been wasting their time if you do not be able to qualify for a big enough mortgage. 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'll need.Your qualifying for the necessary mortgage loan amount won't be something for them to lose sleep over. You have the capability to back your offer up.
We can help you pre-qualify
We can help you see how much of a mortgage you can afford, and how much money you can borrow, by taking you through the pre-qualification process. The process outlines your financial situation - your debt, income, career, down payment money, among other things. It's short and to the point; and we keep the paperwork light.
Face to Face
While you are encouraged to benefit from our mortgage calculators on our site, it will be essential to sit down and talk with us. For one thing, you'll want a Pre-Qualification Letter! For another thing, we may find a different mortgage option that fits your situation better. Let us help you get started: 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.