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It's valuable to consult with your mortgage loan professional early — even before you've started to research neighborhoods. Why? What can we do for you if you haven't negotiated a price, and don't know yet the amount you want to borrow?
We Can Help You Pre-Qualify
When we pre-qualify you, we help you find out how much of a monthly mortgage payment you can fit in your budget, and the size of loan you can qualify for. We can accomplish this by analyzing your debts and income, your work and residence situations, your available funds for a down payment, required reserves, and some other things. It's a short, thorough process with minimal risks for papercuts.
Once you qualify, we give you a Pre-Qualification Letter (your real estate agent may refer to it as a "pre-qual"), that says that we are helping you to find the right mortgage loan to fit your financial needs and that we are confident you will qualify for a mortgage loan up to a certain amount.
Some beneifits open to you once you find your new house, and have achieved pre-qualification. First of all, you have some definite numbers in mind, as the amount you can borrow.
More important to the existing home owner, your pre-qualification is like your having walked into their house with a bag full of money to purchase the house! They won't need to worry that that they have been wasting their time if you do not have the ability to qualify for a high enough mortgage. The seller won't worry if he can trust you to qualify for your loan.Your qualifying for your needed loan amount won't cause them concern. You have the ability to back your offer up.
We can help you pre-qualify
We will help you see how much of a mortgage loan you can afford, and the amount of money you will be able to borrow, by walking you through the pre-qualification process. This process walks you through your current financial situation - your debt, income, employment, cash available for down payment, among other things. We will require a minimum amount of paperwork, with a short, basic process.
Face to Face
While you are encouraged to try our mortgage calculators on this site, it's essential to sit down and talk with one of our mortgage professional team members. That way, we'll be able to help you get your pre-qualification letter. Then, we can make sure we have chosen the best mortgage program for your situation. We're waiting to hear from you: 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.