When to Speak to a Mortgage Pro About Pre-Qualifying
In the market for a new mortgage? We will be glad to assist you! Give us a call at (440) 234-9660. Ready to get started? Apply Here.
It's valuable to visit with a mortgage loan pro first, even before you have determined what sort of house you hope to find. What for? When you don't know yet how much home you want to qualify for, how can we help?
We Will Help You Pre-Qualify
We will help you see how much of a mortgage you can afford, and the amount of money you may be able to borrow, by taking you through the pre-qualification process. We do this by analyzing your debts and income, your work and housing circumstances, your funds available for a down payment, required reserves, and some other things. It's quick and basic; We keep the paperwork light.
When you are determined to be eligible, we will prove our confidence in your potential to qualify for a mortgage by giving you a Pre-Qualification Letter (also known as a "pre-qual").
A number of beneifits open to you when you have found your dream house, and have achieved pre-qualification. First, it helps you know the amount that you're able to offer.
Of greater importance to the home seller, your pre-qualification is like your having walked into their house with a bag full of cash ready to make the deal! They won't need to wonder if they are wasting their time if you do not be able to qualify for a big enough mortgage loan. The seller won't be concerned that he won't be able to trust you to qualify for your mortgage in the amount you'll need.Your qualifying for the necessary loan amount will not cause them concern. You have the capability to back up your offer.
We help with your pre-qualification
When we pre-qualify you, we help you decide how much of a monthly payment you can fit in your budget, and the loan amount you will qualify for. The process takes you through your current financial situation - your debt, income, career, cash available for down payment, among other things. We will require a minimum amount of paperwork, with a short, basic process.
Face to Face
You can certainly use the calculators available on this site to calculate how much mortgage you will be able to afford - but it's also valuable to talk with one of our mortgage professionals. For one thing, you will need a Pre-Qualification Letter! For another thing, we might find a different mortgage choice that better fits your needs. We're waiting to meet with you: contact us at (440) 234-9660.
Have questions about pre-qualifying? Call us at (440) 234-9660. It's our job to answer pre-qualification questions, so we're happy to help!