Why it's Important to Pre-Qualify
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Even if you haven't so much as narrowed down houses to visit yet, it's valuable to see your mortgage professional early. Why? Perhaps it's difficult to understand the ways we can help even before you begin to calculate your offer.
We Will Help You Pre-Qualify
When we pre-qualify you, we help you determine how much of a monthly mortgage payment you can fit in your budget, and the loan amount you will qualify for. We achieve this by analyzing your debts and income, your work and housing situations, the funds available for down payment, required reserves, and other considerations. It is a quick, thorough process with minimal risks for papercuts.
Once you are determined to be eligible, we prove our confidence in your capacity to qualify for a loan by giving you a Pre-Qualification Letter (also known as a "pre-qual").
A number of beneifits open to you once you find your dream house, and have achieved pre-qualification. First, it helps you know the amount that you are able to offer.
Even more important to the seller, your pre-qualification letter gives them confidence - as if you'd arrived at their home with a bag of cash to back up the offer! They won't need to wonder if they have been wasting their time if you won't be able to have the ability to qualify for a big enough mortgage loan. The seller won't be concerned that he can't trust you to qualify for your mortgage in the amount you will need.Your qualifying for the necessary mortgage loan amount won't be something for them to worry about. You will have the influence of a buyer ready to make the deal right now!
We will help you pre-qualify
We can help you find out the loan amount you can qualify for and the monthly payment amount you are able to afford by helping you pre-qualify. The process outlines your finances - your debt, income, employment, cash available for down payment, among other things. 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 try the helpful mortgage calculator tools on this website. That way, we can help you get your pre-qualification letter. Next, we can consider your mortgage program choices and be sure you have chosen the best one. We're eager to meet with you: contact us at 7702202800.
Have questions about pre-qualifying? Call us at 7702202800. Home Pointe Mortgage Company answers pre-qualifying questions every day.