The Importance of Pre-Qualifying
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Even if you haven't so much as researched houses to view yet, it's valuable to contact your mortgage pro early. Why? When you do not know yet how much house you want to qualify for, how can we help?
We can help you calculate how much of a mortgage loan you can afford, and the amount of money you can borrow, by walking you through the pre-qualification process. In this process, we calculate your borrowing power - looking at your employment, available money for down payment, debt, income, and other areas. We require a minimum amount of paperwork, with a quick process.
After you are considered eligible, we document our confidence in your potential to qualify for a mortgage by giving you a Pre-Qualification Letter (also called a "pre-qual").
Power in the Pre-Qual
Armed with your pre-qualification letter, some advantages are yours at the point you find the house you want to make an offer for. First, it lets you know how much you're able to offer.
Even more important to the seller, your pre-qualification gives them certainty - as if you had come into their home with a bag of cash to back up the offer! They need not worry that they have been wasting their time if you won't be able to have the ability to qualify for a high enough mortgage loan. The seller won't be concerned that he can't count on you to qualify for your loan.Your qualifying for your needed loan amount will not cause them concern. You can have the clout of a buyer ready to make the purchase on the spot!
We will help you pre-qualify
When we pre-qualify you, we help you decide the amount you can afford in monthly payments you can afford, and the loan amount you will qualify for. During the process, we calculate your borrowing capacity - looking at your employment, money available for down payment, debt, income, and other areas. We will require a minimum amount of paperwork, and avoid a lengthy process.
One on one
It is important for you to sit down and meet with us, even though you are welcome to also utilize the helpful mortgage loan calculator tools on our website. For one thing, you will want a Pre-Qualification Letter! Next, we can review your mortgage loan choices and make sure you have chosen the right one. We're eager to hear from you: contact us at 706-860-5514.
Have questions about pre-qualifying? Call us at 706-860-5514. We answer pre-qualification questions every day.