Why it's Important to Pre-Qualify
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It's helpful to consult your mortgage professional as soon as possible — even before you have begun researching neighborhoods. What for? How can we help you before you have negotiated a purchase amount, and don't yet know how much you want to borrow?
Our mortgage professionals will help you calculate the loan amount you can qualify for and the monthly payment amount you are able to afford by helping you pre-qualify. We can do this by analyzing your debts and income, your employment and residence circumstances, the funds available for a down payment, required reserves, and other considerations. It is a short, thorough process with minimal risks for papercuts.
We will give you a Pre-Qualification Letter once you qualify, which states that we're confident you will qualify for up to a specific amount of mortgage loan dollars.
Power in the Pre-Qual
After you locate the house that is right for you, and you want to put together an offer, being pre-qualified for a loan will do a couple of things. The first is that you will be sure the amount you'll be able to afford when calculating the offer.
Being pre-qualified can also make your offer more attractive to the home seller, like you were bringing them a bag full of cash! They won't need to wonder if they have been wasting their time if you can't have the ability to qualify for a big enough mortgage loan. The seller won't wonder if he can count on you to qualify for your loan.Your qualifying for the necessary mortgage loan amount won't be something for them to lose sleep over. You have the capability to back your offer up.
We will help you with your pre-qualification
Our mortgage professionals can help you calculate how much of a loan you can qualify for and the mortgage payment amount you can afford by getting you pre-qualified. We will achieve this by analyzing your debts and income, your employment and residence circumstances, your funds available for down payment, required reserves, and other financial considerations. It is a quick, thorough process with minimal risks for papercuts.
It's vital for you to sit down and talk with us, even though you are free to also try the helpful mortgage loan calculators on our site. We can work toward your pre-qualification letter. Next, we can review your mortgage loan options to be sure you have selected the best one. Let us help you get started: Contact us at 847-278-7220.
Have questions about pre-qualifying? Call us at 847-278-7220. It's our job to answer pre-qualification questions, so we're happy to help!