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Even if you've not narrowed down houses to view yet, it's valuable to contact your mortgage loan professional early. What for? How can we help if you haven't made your offer, and don't yet know how much you need to borrow?
We Will Help You Pre-Qualify
When we pre-qualify you, we help you determine how much of a monthly payment you can fit in your budget, and the size of loan you will qualify for. We achieve this by considering your income and debts, your employment and housing circumstances, your available funds for down payment, required reserves, and other considerations. We ask for a minimum amount of paperwork, and avoid a lengthy process.
After you are determined to be eligible, we will prove our confidence in your ability to qualify for a loan by awarding you a Pre-Qualification Letter (also called a "pre-qual").
Some advantages open to you after you find your new house, and have pre-qualification power. The first is that you will be sure the amount you'll be able to afford when calculating the offer.
Having pre-qualification will also make your offer more attractive to the home seller, as if you were bringing them a suitcase of cash! They will not have to worry that they are wasting their time if you will 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'll need.Your qualifying for your needed mortgage loan amount will not be something for them to lose sleep over. You can have the clout of a buyer ready to make the purchase on the spot!
We help with your pre-qualification
We will help you calculate how much of a loan you can qualify for and the monthly payment amount you can afford by helping you pre-qualify. We accomplish this by considering your income and debts, your work and housing situations, the funds available for down payment, required reserves, and other financial considerations. We will require a minimum amount of paperwork, with a quick process.
One on one
It is vital to sit down and talk with us, even though you are free to also try the helpful mortgage loan calculator tools on our website. That way, we'll be able to help you get your pre-qualification letter. Then, we will make sure we have chosen the right mortgage program for your situation. We are eager to meet with you: call us at 978-422-2311.
Have questions about pre-qualifying? Call us at 978-422-2311. We answer pre-qualification questions every day.