Why it's Important to Pre-Qualify
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Even if you've not so much as narrowed down homes to view yet, it is important to contact your mortgage loan professional early. Why? It may be difficult to understand how we can help even before you start to negotiate.
We Can Help You Pre-Qualify
We can help determine how much of a mortgage loan you can afford, and how much money you can borrow, by taking you through pre-qualifying. We achieve this by considering your debts and income, your employment and residence circumstances, the available funds for a down payment, required reserves, and some other things. It's short and basic; We take pride in keeping the paperwork to a minimum.
After you are determined to be eligible, we will prove our confidence in your potential to qualify for a mortgage loan by awarding you a Pre-Qualification Letter (also called a "pre-qual").
Armed with your pre-qualification letter, a number of advantages are yours at the point you locate the home you want to put together an offer for. The first is that you can be sure what you can afford when determining your offer.
Being pre-qualified also will make your offer look even better to the seller, like you were bringing them a big box of cash! They will not need to worry that that they have been wasting their time if you won't be able to be able to qualify for a high enough mortgage loan. The seller of the home won't be concerned that he can't count on you to qualify for your mortgage in the amount you'll need.Your qualifying for the necessary loan amount won't be something for them to worry about. They have a virtual guarantee that they can trust your buying power.
We can help you pre-qualify
We can help you calculate how much of a mortgage you can afford, and how much money you will be able to borrow, by taking you through the pre-qualification process. In this process, we explore your borrowing potential - analyzing your job, available money for down payment, existing debt, income, and other circumstances. It's a short, thorough process with minimal risks for papercuts.
One on one
It's important to sit down and meet with us, even though you are welcome to also use the helpful mortgage calculator tools on our site. We can begin getting your pre-qualification letter. Then, we can make sure we have chosen the best mortgage loan program for your situation. Let us help you get started: Contact us at (860) 658-7100.
Have questions about pre-qualifying? Call us at (860) 658-7100. It's our job to answer pre-qualification questions, so we're happy to help!
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