Why Pre-Qualification is Important
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It is helpful to consult with your mortgage loan professional early — even before you have begun researching neighborhoods. What for? It might be hard to fathom how we can help even before you start to talk about prices and negotiations.
When we pre-qualify you, we help you decide the amount in monthly payments you can fit in your budget, and how much we of a loan you will qualify for. In the process, we calculate your borrowing capacity - reviewing your job, money available for down payment, debt, income, and other circumstances. We ask for a minimum amount of paperwork, and avoid a lengthy process.
We give you a Pre-Qualification Letter after you qualify, which states that we are confident you can qualify for up to a specific amount of mortgage loan dollars.
Armed with your pre-qualification letter, some advantages fall at your feet when you locate the house you want to put together an offer on. First of all, you have some concrete numbers in mind, as the amount you will qualify for with your mortgage loan.
Even more important to the seller of the home, your pre-qualification gives them confidence - as if you'd entered their house with a big box of cash to back up the offer! They won't need to wonder if they have been wasting their time if you will not be able to qualify for a big enough mortgage. The seller of the home won't be concerned that he can't trust you to qualify for your loan.Your qualifying for the necessary mortgage loan amount will not be something for them to lose sleep over. You can have the influence of a buyer ready to make the deal right now!
We can help you pre-qualify
When we pre-qualify you, we help you figure out the amount you can afford in monthly mortgage payments you can fit in your budget, and how much we of a loan you will qualify for. The process outlines your finances - your debt, income, employment, cash available for down payment, among other things. We as for a minimum amount of paperwork, and avoid a lengthy process.
Face to Face
While you are able to use our mortgage calculators on our site, it is essential to sit down and talk with us. For one thing, you'll need a Pre-Qualification Letter! Then, we will make sure we have chosen the ideal mortgage loan program for your situation. Let us get you started: Contact us at (727) 478-2797.
Have questions about pre-qualifying? Call us at (727) 478-2797. C2 Financial Corporation answers pre-qualifying questions every day.