When to Talk to a Mortgage Pro
Searching for a mortgage loan? We'd be thrilled to talk about your mortgage needs! Give us a call at (440) 234-9660. Ready to get started? Apply Now.
It's helpful to visit with a mortgage loan pro first, even before you've decided the sort of house you hope to find. What for? Maybe it is hard to understand how we can help even before you begin to talk about prices and negotiations.
When we pre-qualify you, we help you determine the amount in monthly payments you can afford, and how much we of a loan you will qualify for. We can accomplish this by considering your debts and income, your employment and residence circumstances, the funds available for a down payment, required reserves, and other financial considerations. It's quick and basic; We keep the paperwork light.
We'll award you a Pre-Qualification Letter when you qualify, that documents that we're confident you'll qualify for a certain amount of mortgage dollars.
Power in the Pre-Qual
Various advantages open to you once you find your next house, and have pre-qualification power. The first is that you will be sure the amount you'll be able to afford when putting together the offer.
More important to the existing home owner, your being pre-qualified is like your having walked into their front door with a suitcase full of cash to purchase the home! They will not need to wonder if that they're wasting their time if you don't have the ability to qualify for a high enough mortgage. The seller of the home won't be concerned that he can't count on you to qualify for your mortgage in the amount you will need.Your qualifying for the necessary loan amount won't be something for them to be concerned about. They have a virtual guarantee to trust your ability to back up your offer.
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 loan amount you will qualify for. This process outlines your current financial situation - your debts, income, career, down payment money, among other things. It's short and basic; and we keep the paperwork light.
One on one
It's vital to sit down and meet with us, even though you are welcome to also use the helpful mortgage calculators on this site. For one thing, you'll need a Pre-Qualification Letter! For another thing, we might locate a different mortgage option that fits your situation better. Let us get you started: Call us at (440) 234-9660.
Have questions about pre-qualifying? Call us at (440) 234-9660. Northeast Bancorp of America, Inc. answers pre-qualifying questions every day.