Why it's Important to Pre-Qualify
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Even if you have not picked out homes to visit yet, it can be advantageous to visit with your mortgage loan professional early. Why? If you do not yet know how much house you need to qualify for, how could we help?
We Can Help You Pre-Qualify
We will help you calculate how much of a mortgage loan you can afford, and the amount of money you will be able to borrow, by taking you through the pre-qualification process. We will achieve this by analyzing your debts and income, your employment and housing circumstances, the available funds for a down payment, required reserves, and some other things. We will ask for a minimum amount of paperwork, and avoid a lengthy process.
We give you a Pre-Qualification Letter if you qualify, which documents that we're confident you'll qualify for up to a predetermined amount of mortgage loan dollars.
With your pre-qualification letter, some advantages are yours when you locate the house you want to make an offer on. The first is that you'll know what you will be able to afford when putting together your offer.
More important to the seller, your being pre-qualified is like your having walked into their house with a bag full of cash ready to make the deal! They need not wonder if that they're wasting their time if you will not have the ability to qualify for a high enough mortgage loan. The seller won't be concerned that he won't be able to trust you to qualify for your loan.Your qualifying for the necessary mortgage loan amount will not be something for them to worry about. You will have the sway of a buyer ready to make the deal on the spot!
We help with your pre-qualification
When we pre-qualify you, we help you find out how much of a monthly mortgage payment you can afford, and how much we of a loan you will qualify for. We do this by considering your income and debts, your work and residence circumstances, your funds available for down payment, required reserves, and some other things. It is a quick, thorough process with minimal risks for papercuts.
You can certainly use the calculators available on this site to get an idea of how much mortgage you'll be able to afford - but it's also valuable to meet with one of our mortgage professionals. That way, we can help you get your pre-qualification letter. Next, we can review your mortgage program choices to make sure you have found the best one. 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.