It is helpful to see a mortgage professional first, even if you haven’t settled on the sort of house to search for. What for? When you do not know yet how much home you need to qualify for, what could we do for you?
We will help you determine how much of a loan you can qualify for and the monthly payment amount you are able to afford by helping you pre-qualify. This process outlines your financial situation – your debts, income, career, and down payment money, among other things. It’s quick and to the point; We take pride in keeping the paperwork light.
We give you a Pre-Qualification Letter if you qualify, that documents that we’re confident you’ll qualify for up to a specific amount of mortgage dollars.
Armed with your pre-qualification letter, several advantages are yours once you locate the house you want to make an offer for. The first is that you can be sure what you’ll be able to afford when calculating your offer. More important to the current home owner, your being pre-qualified is like your having entered their house with a bag full of cash to make the deal! They need not be concerned they are wasting their time if you will not be able to qualify for a big enough mortgage. The seller won’t worry if he can count on you to qualify for your loan.Your qualifying for your needed loan amount won’t be something for them to lose sleep over. They have a virtual guarantee to trust your buying power.
We will help you with your pre-qualification
We can help you determine the loan amount you can qualify for and the mortgage payment amount you can afford by getting you pre-qualified. We achieve this by considering your income and debts, your employment and residence circumstances, the funds available for a down payment, required reserves, and other considerations. It’s quick and to the point; and we keep the paperwork light.
Face to Face
You can always use the mortgage calculators here on our website to calculate how much mortgage you can afford – but it’s also essential to talk with us. That way, we’ll be able to help you get your pre-qualification letter. Next, we can consider your mortgage choices to make sure you are in the best one. Contact us at 435-734-1777 to get started.