When to Speak to Your Mortgage Pro
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It's valuable to consult your mortgage professional early — even before you've started researching neighborhoods. Why? When you do not yet know how much house you need to qualify for, how could we help?
When we pre-qualify you, we help you decide how much of a monthly mortgage payment you can afford, and how much we of a loan you can qualify for. We achieve this by considering your debts and income, your employment and housing situations, your available funds for down payment, required reserves, and some other things. It's a quick, thorough process with minimal risks for papercuts.
When you qualify, we give you a Pre-Qualification Letter (your real estate agent might call it a "pre-qual"), which states that we are working with you to find the right loan to meet your situation and that we're confident you will qualify for a loan up to a specific amount.
Power in the Pre-Qual
Some beneifits open to you when you find your dream house, and have achieved pre-qualification power. First, you have some concrete numbers in mind, as the total you will qualify for with your mortgage loan.
Of greater importance to the seller, your pre-qualification is like your having walked into their house with a bag full of money ready to make the deal! They won't have to worry that 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 trust you to qualify for your loan.Your qualifying for your needed mortgage loan amount won't be something for them to lose sleep over. You will have the influence of a buyer ready to make the purchase on the spot!
We will help you pre-qualify
When we pre-qualify you, we help you determine how much of a monthly mortgage payment you can afford, and the size of loan you will qualify for. The process outlines your financial situation - your debt, income, employment, cash available for down payment, among other things. We will ask for a minimum amount of paperwork, and avoid a lengthy process.
One on one
It is vital for you to sit down and talk with us, even though you are welcome to also utilize the helpful mortgage calculators on our website. We can work toward your pre-qualification letter. For another thing, we may find a different mortgage loan option that is a better fit for you. Contact us at (727) 478-2797 to get started.
Have questions about pre-qualifying? Call us at (727) 478-2797. We answer pre-qualification questions every day.