Why it's Important to Pre-Qualify
Are you looking for a new mortgage? We will be glad to help! Call us at 978-422-2311. Ready to begin? Apply Online Now.
Even if you've not picked out homes to view yet, it's important to visit with your mortgage loan professional first. What for? How can we help you before you have made your offer, and don't yet know the amount you want to borrow?
We can help you find out how much of a loan you can qualify for and the mortgage payment amount you are able to afford by getting you pre-qualified. During the process, we calculate your ability to borrow - looking at your job, available money for down payment, debts, income, and other circumstances. It's quick and to the point; We take pride in keeping the paperwork light.
After you qualify, will present to you what's called a Pre-Qualification Letter (your real estate agent may refer to it as a "pre-qual"), that says that we are partnering with you to find the ideal mortgage loan program to meet your situation and that we are confident you will qualify for a mortgage loan for up to a certain amount.
When you locate a house that is right for you, and you decide to put together an offer, being pre-qualified for a loan will do several things. First of all, you have some general numbers in mind, as the amount you can borrow.
Even more important to the seller of the house, your pre-qualification letter gives them certainty - as if you'd arrived at their home with a bag of cash to make the offer! They will not need to be concerned that they have been wasting their time if you won't be able to have the ability to qualify for a big enough mortgage. The seller of the home won't worry if he can count on you to qualify for your loan.Your qualifying for the necessary mortgage loan amount won't cause them concern. You'll have the clout of a buyer ready to make the purchase on the spot!
We can help you pre-qualify
Our mortgage professionals will help you calculate how much of a loan you can qualify for and the mortgage payment amount you are able to afford by getting you pre-qualified. In this process, we determine your borrowing potential - reviewing your employment, available money for down payment, debt, income, and other areas. We require a minimum amount of paperwork, and avoid a lengthy process.
Face to Face
You can always use the calculators on this website to calculate the size mortgage you can afford - but it's also valuable to meet with one of our mortgage professionals. We can walk you through your pre-qualification letter. For another thing, we could find a different mortgage option that is a better fit for you. Let us help you get started: 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.