Why Pre-Qualification is Important
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It is important to visit with a mortgage loan pro first, even before you've determined what sort of house you hope to find. Why? It may be hard to fathom how we can help even before you start to talk about prices and negotiations.
We Can Help You Pre-Qualify
We will help determine how much of a mortgage you can afford, and how much money you will be able to borrow, by walking you through the pre-qualification process. In the process, we look at your capacity to borrow - analyzing your job, money available for down payment, debts, income, and other circumstances. It is a quick, thorough process with minimal risks for papercuts.
We award you a Pre-Qualification Letter after you qualify, which states that we are confident you'll qualify for up to a certain amount of mortgage dollars.
With your pre-qualification letter, a number of advantages are yours when you locate the house you want to make an offer for. The first is that you will be sure what you'll be able to afford when determining the offer.
Having pre-qualification also will make your offer look even better to the seller, like you were bringing them a suitcase full of cash! They will not need to worry that that they have been wasting their time if you will not be able to qualify for a big enough mortgage loan. The seller of the home won't be concerned that he won't be able to count on you to qualify for your mortgage in the amount you will need.Your qualifying for your needed loan amount will not be something for them to lose sleep over. You have the ability to back your offer up.
We will help you pre-qualify
We can help you see how much of a mortgage loan you can afford, and how much money you may be able to borrow, by walking you through pre-qualifying. We can accomplish this by analyzing your income and debts, your employment and residence situations, the available funds for down payment, required reserves, and some other things. It's a quick, thorough process with minimal risks for papercuts.
You can always use the calculators available on this website to get an idea of how much mortgage you will be able to afford - but it's also important to talk with us. For one thing, you will want a Pre-Qualification Letter! Next, we can consider your mortgage program choices to be sure you are in the right one. Contact us at (478) 746-2063 to get started.
Have questions about pre-qualifying? Call us at (478) 746-2063. It's our job to answer pre-qualification questions, so we're happy to help!