Why it's Important to Pre-Qualify
It's helpful to bring in your mortgage loan professional early — even before you've started researching neighborhoods. What for? Maybe it is hard to understand the ways we can help even before you start to calculate your offer.
We Will Help You Pre-Qualify
We will help you find out how much of a loan you can qualify for and the monthly mortgage payment amount you are able to afford by helping you pre-qualify. We can accomplish this by considering your income and debts, your employment and housing situations, the funds available for a down payment, required reserves, and other financial considerations. It's short and basic; We take pride in keeping the paperwork light.
When you are considered eligible, we will prove our confidence in your potential to qualify for a mortgage by giving you a Pre-Qualification Letter (also known as a "pre-qual").
Once you locate a house that meets your needs, and you decide to put together an offer, being pre-qualified for a loan will do several things. First of all, you have some definite numbers in mind, as the amount you will qualify for on your mortgage.
More important to the seller, your being pre-qualified is like your having entered their house with a bag full of money ready to purchase the home! They need not wonder if that they are wasting their time if you do not have the ability to qualify for a big enough mortgage loan. The seller won't worry if he can trust you to qualify for your loan.Your qualifying for your needed mortgage loan amount will not cause them concern. You have the ability to back your offer up.
We will help you with your pre-qualification
We can help you calculate the loan amount you can qualify for and the mortgage payment amount you can afford by getting you pre-qualified. The process takes you through your finances - your debts, income, job, cash available for down payment, among other things. It's a quick, thorough process with minimal risks for papercuts.
You can certainly use the mortgage calculators here on this website to get an idea of how much mortgage you can afford - but it's also essential to meet with us. We can begin working on your pre-qualification letter. Then, we can make sure we have the ideal mortgage loan program for you. Contact us at 360-576-1920 to get started.
Have questions about pre-qualifying? Call us at 360-576-1920. It's our job to answer pre-qualification questions, so we're happy to help!