Why it's Important to Pre-Qualify
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Even if you've not so much as picked out houses to view yet, it's valuable to visit with your mortgage professional early. Why? What can we do for you before you have made an offer, and don't know yet the amount you need to borrow?
When we pre-qualify you, we help you determine how much of a monthly mortgage payment you can fit in your budget, and how much we of a loan you can qualify for. In this process, we explore your borrowing power - analyzing your earning status, money available for down payment, debt, income, and other circumstances. It is a quick, thorough process with minimal risks for papercuts.
We'll give you a Pre-Qualification Letter once you qualify, that says that we are confident you'll qualify for a predetermined amount of mortgage loan dollars.
Holding your pre-qualification letter, some advantages fall at your feet at the point you find the home you want to make an offer for. First, you have some concrete numbers in mind, as the total you can borrow.
Even more important to the current owner, your pre-qualification gives them confidence - as if you'd arrived at their home with a bag of cash to make the offer! They will not need to worry that they are wasting their time if you can't be able to qualify for a high enough mortgage. The seller won't be concerned that he can't trust you to qualify for your loan.Your qualifying for your needed loan amount will not cause them concern. They have a virtual guarantee that they can trust your ability to back up your offer.
We will help you with your pre-qualification
We will help you calculate how much of a loan you can qualify for and the monthly mortgage payment amount you are able to afford by getting you pre-qualified. The process walks you through your financial situation - your debt, income, career, down payment money, among other things. We as for a minimum amount of paperwork, and avoid a lengthy process.
Face to Face
While you are encouraged to use our tools to calculate mortgage variables on our site, it will be a good idea to sit down and talk with us. That way, we'll be able to help you get your pre-qualification letter. Then, we can make sure we have the ideal mortgage program for you. We're eager to meet with you: contact us at 512-302-9410.
Have questions about pre-qualifying? Call us at 512-302-9410. We answer pre-qualification questions every day.