When to Talk to Your Mortgage Professional About Pre-Qualification
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Even if you've not so much as researched houses to view yet, it's important to contact your mortgage professional early. Why? It may be hard to fathom the ways we could help even before you begin to calculate your offer.
Our mortgage professionals can help you calculate the loan amount you can qualify for and the monthly payment amount you can afford by helping you pre-qualify. This process outlines your finances - your debts, income, job, and down payment money, among other things. We will ask for a minimum amount of paperwork, with a quick process.
We'll award you a Pre-Qualification Letter if you qualify, that documents that we are confident you can qualify for up to a certain amount of mortgage loan dollars.
Once you locate the house that is ideal for you, and you want to put together an offer, being pre-qualified for a loan will do several things. First of all, you have some definite numbers in mind, as the total you will be able to borrow.
Being pre-qualified can also make your offer more attractive to the home seller, as if you were bringing them a suitcase full of cash! They won't need to be concerned that they are wasting their time if you can't have the ability to qualify for a big enough mortgage. The seller of the home won't worry if he can trust you to qualify for your loan.Your qualifying for the necessary mortgage loan amount won't be something for them to fret over. You will have the sway of a buyer ready to make the purchase right now!
We will help you with your pre-qualification
We can help you determine how much of a loan you can qualify for and the monthly payment amount you are able to afford by getting you pre-qualified. The process takes you through your financial situation - your debts, income, employment, cash available for down payment, among other things. We will require a minimum amount of paperwork, and avoid a lengthy process.
Face to Face
You can certainly use the mortgage calculators available on this site to calculate the size mortgage you'll be able to afford - but it's also essential to talk with one of our mortgage professionals. For one thing, you will want a Pre-Qualification Letter! For another thing, we could locate a different mortgage loan option that is a better fit for you. Contact us at (440) 234-9660 to get started.
Have questions about pre-qualifying? Call us at (440) 234-9660. We answer pre-qualification questions every day.