Why it's Important to Pre-Qualify
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It is valuable to see a mortgage loan pro first, even before you've determined the kind of home to search for. Why? What can we do for you if you have not made your offer, and don't yet know how much you need to borrow?
We Will Help You Pre-Qualify
We can help you see how much of a mortgage you can afford, and how much money you will be able to borrow, by taking you through the pre-qualification process. During this process, we determine your borrowing power - analyzing your earning status, money available for down payment, debt, income, and other areas. It's short and basic; We take pride in keeping the paperwork to a minimum.
Once you qualify, will present to you what's called a Pre-Qualification Letter (your real estate agent may call it a "pre-qual"), which says that we are helping you to find the ideal mortgage loan to fit your situation and that we're confident you'll qualify for a loan for up to a specific amount.
A number of beneifits open to you once you've found your new house, and have achieved pre-qualification power. First, it lets you know the amount that you're able to offer.
Of greater importance to the home seller, your pre-qualification is like your having entered their house with a bag full of money ready to purchase the house! They need not worry that they're wasting their time if you can't be able to qualify for a big enough mortgage. The seller won't wonder if he can count on you to qualify for your mortgage in the amount you'll need.Your qualifying for your needed mortgage loan amount will not cause them concern. You'll have the clout of a buyer ready to make the purchase right now!
We will help you pre-qualify
When we pre-qualify you, we help you figure out the amount you can afford in mortgage payments you can afford, and the size of loan you can qualify for. We will do this by analyzing your income and debts, your work and residence situations, your available funds for down payment, required reserves, and some other things. We will require a minimum amount of paperwork, and avoid a lengthy process.
Face to Face
You can always use the mortgage calculators here on this website to get an idea of how much mortgage you will be able to afford - but it's also essential to meet with one of our mortgage professionals. For one thing, you'll want a Pre-Qualification Letter! For another thing, we may locate a different mortgage program that is a better fit for you. We're waiting to meet with you: call us at 864-438-4550.
Have questions about pre-qualifying? Call us at 864-438-4550. We answer pre-qualification questions every day.