When to Speak to a Mortgage Pro
Shopping for a mortgage loan? We can help! Give us a call at 978-422-2311. Ready to begin? Apply Here.
Even if you've not picked out homes to view yet, it is valuable to visit with your mortgage loan professional early. Why? What can we do for you if you have not negotiated a price, and do not yet know the amount you want to borrow?
We Can Help You Pre-Qualify
When we pre-qualify you, we help you figure out how much of a monthly payment you can afford, and how much we of a loan you will qualify for. The process outlines your finances - your debt, income, employment, and down payment money, among other things. It is a short, thorough process with minimal risks for papercuts.
After you qualify, will give you what's called a Pre-Qualification Letter (your real estate agent may call it a "pre-qual"), that documents the fact that we are helping you to find the best mortgage loan to fit your needs and that we are confident you'll qualify for a loan for a certain amount.
A number of beneifits open to you when you have found your next house, and have achieved pre-qualification power. First, you have some general numbers in mind, as the total you will be able to borrow.
Even more important to the existing owner, your pre-qualification gives them confidence - as if you had come into their house with a big box of cash to back up the offer! They won't have to wonder if that they have been wasting their time if you will not have the ability to qualify for a big enough mortgage loan. The seller of the home won't be concerned that he won't be able to count on you to qualify for your loan.Your qualifying for the necessary loan amount won't cause them concern. They have a virtual guarantee to trust your ability to back up your offer.
We will help you pre-qualify
Our mortgage professionals can help you determine 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 this process, we explore your ability to borrow - reviewing your employment, available money for down payment, debt, income, and other circumstances. We as for a minimum amount of paperwork, and avoid a lengthy process.
While you are encouraged to use our mortgage calculators on this site, it's a good idea to meet with us. That way, we'll help you get your pre-qualification letter. For another thing, we might find a different mortgage choice that is a better fit for you. Let us help you get started: Call us at 978-422-2311.
Have questions about pre-qualifying? Call us at 978-422-2311. We answer pre-qualification questions every day.