The Importance of Pre-Qualification
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Even if you have not so much as researched houses to view yet, it can be important to visit with your mortgage loan professional first. Why? Perhaps it's hard to understand the ways we could help even before you start to talk about prices and negotiations.
We Will Help You Pre-Qualify
When we pre-qualify you, we help you determine how much of a monthly payment you can afford, and how much we of a loan you can qualify for. In the process, we look at your borrowing power - analyzing your job, money available for down payment, debt, income, and other areas. It's quick and to the point; We keep the paperwork light.
We will give you a Pre-Qualification Letter after you qualify, that states that we're confident you'll qualify for up to a specific amount of mortgage dollars.
After you locate a house that meets your needs, and you decide to put together an offer, being pre-qualified for a mortgage will do a couple of things. First, it lets you know the amount that you are able to offer.
More important to the home seller, your pre-qualification is like your having entered their house with a bag full of money ready to purchase their home! They will not need to worry that they are wasting their time if you do not be able to qualify for a high enough mortgage loan. The seller won't wonder if he can count on you to qualify for your loan.Your qualifying for your needed mortgage loan amount won't cause them concern. You can have the clout of a buyer ready to make the deal on the spot!
We help with your pre-qualification
Our mortgage professionals can help you find out how much of a loan you can qualify for and the monthly payment amount you are able to afford by getting you pre-qualified. We accomplish this by considering your debts and income, your employment and housing circumstances, your available funds for a down payment, required reserves, and other considerations. It's quick and to the point; and we take pride in keeping the paperwork to a minimum.
It's important to sit down and meet with us, even though you are free to also use the helpful mortgage calculators on our site. That way, we will help you get your pre-qualification letter. Next, we can study your loan options to be sure you have found the best one. Let us get you started: Call us at (718) 477-4405.
Have questions about pre-qualifying? Call us at (718) 477-4405. We answer pre-qualification questions every day.