Why it's Important to Pre-Qualify
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It is valuable to consult your mortgage professional early — even before you have started to consider neighborhoods. What for? When you do not know yet how much home you want to qualify for, what could we do for you?
We Will Help You Pre-Qualify
When we pre-qualify you, we help you determine the amount in monthly mortgage payments you can fit in your budget, and the size of loan you can qualify for. During the process, we determine your borrowing capacity - analyzing your employment, money available for down payment, debts, income, and other areas. We will ask for a minimum amount of paperwork, and avoid a lengthy process.
When you are determined to be eligible, we document our confidence in your capacity to qualify for a mortgage loan by presenting you with a Pre-Qualification Letter (also called a "pre-qual").
After you find the house that catches your eye, and you want to put together an offer, being pre-qualified for a mortgage loan will do a couple of things. The first is that you'll know what you will be able to afford when putting together the offer.
Your pre-qualification also will make your offer more attractive to the seller, like you were bringing them a big box of cash! They won't have to be concerned that they are wasting their time if you won't be able to have the ability to qualify for a high enough mortgage. The seller won't be concerned that he won't be able to count on you to qualify for your loan.Your qualifying for the necessary loan amount will not cause them concern. They have a virtual guarantee to trust your ability to back up your offer.
We can help you pre-qualify
When we pre-qualify you, we help you figure out how much of a monthly mortgage payment you can afford, and the loan amount you can qualify for. We achieve this by reviewing your income and debts, your employment and residence situations, your available funds for a down payment, required reserves, and other financial considerations. It's a quick, thorough process with minimal risks for papercuts.
One on one
It is vital to sit down and talk with us, even though you are welcome to also use the helpful mortgage calculator tools on our website. That way, we can help you get your pre-qualification letter. For another thing, we could locate a different mortgage choice that is a better fit for you. Contact us at 8668408745 to get your pre-qualification process started.
Have questions about pre-qualifying? Call us at 8668408745. Carter Financial Solutions answers pre-qualifying questions every day.