When to Speak to Your Mortgage Pro About Pre-Qualification
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Even if you have not so much as researched homes to visit yet, it is advantageous to see your mortgage pro early. Why? What can we do for you if you haven't negotiated a purchase amount, and do not know yet how much you need to borrow?
We Can Help You Pre-Qualify
We can help you determine the loan amount you can qualify for and the monthly payment amount you can afford by helping you pre-qualify. We do this by analyzing your income and debts, your work and housing circumstances, your available funds for down payment, required reserves, and some other things. We require a minimum amount of paperwork, and avoid a lengthy process.
We award you a Pre-Qualification Letter if you qualify, that documents that we're confident you'll qualify for a specific amount of mortgage loan dollars.
Power in the Pre-Qual
Some advantages open to you after you find your dream house, and have achieved pre-qualification power. The first is that you can be sure what you'll be able to afford when determining your offer.
More important to the seller, your pre-qualification is like your having entered their house with a suitcase full of money to purchase their home! They will not need to be concerned they are wasting their time if you don't be able to qualify for a big enough mortgage. The seller of the home won't be concerned that he won't be able to count on you to qualify for your loan.Your qualifying for your needed mortgage loan amount won't cause them concern. You will have the sway of a buyer ready to make the purchase on the spot!
We will help you with your pre-qualification
When we pre-qualify you, we help you figure out how much of a monthly mortgage payment you can afford, and how much we of a loan you can qualify for. We do this by reviewing your income and debts, your employment and residence circumstances, the funds available for down payment, required reserves, and other financial considerations. It's quick and to the point; and we keep the paperwork to a minimum.
While you are able to use our mortgage calculators on our site, it's a good idea to meet with one of our mortgage professional team members. For one thing, you will need a Pre-Qualification Letter! Then, we can make sure we have the ideal mortgage loan program for you. Let us get you started: Call us at (860) 658-7100.
Have questions about pre-qualifying? Call us at (860) 658-7100. Ward Kilduff Mortgage answers pre-qualifying questions every day.
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