The Importance of Pre-Qualification
It is helpful to consult with your mortgage loan professional early — even before you have begun researching neighborhoods. What for? When you don't know yet how much house you need to qualify for, how could we help?
We Can Help You Pre-Qualify
We can help you see how much of a mortgage you can afford, and how much money you can borrow, by walking you through the pre-qualification process. We accomplish this by reviewing your debts and income, your employment and residence circumstances, the funds available for down payment, required reserves, and some other things. It's short and to the point; We take pride in keeping the paperwork to a minimum.
We award you a Pre-Qualification Letter after you qualify, which states that we're confident you'll qualify for a specific amount of mortgage dollars.
Power in the Pre-Qual
Holding your pre-qualification letter, a number of advantages are yours at the point you find the home you want to put together an offer for. First, it helps you know how much you're able to offer.
Being pre-qualified also will make your offer look even better to the home seller, as if you were bringing them a bag full of cash! They need not wonder if that they're wasting their time if you do not be able to qualify for a high enough mortgage loan. The seller of the home 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 capability to back up your offer.
We help with your pre-qualification
We will help determine how much of a mortgage loan you can afford, and how much money you may be able to borrow, by taking you through the pre-qualification process. In this process, we explore your ability to borrow - looking at your earning status, available money for down payment, debts, income, and other circumstances. It's a quick, thorough process with minimal risks for papercuts.
It's vital for you to sit down and meet with us, even though you are free to also use the helpful mortgage calculators on this website. That way, we'll be able to help you get your pre-qualification letter. Next, we can review your mortgage choices and be sure you have found the right one. Contact us at 505-881-2000 to get started.
Have questions about pre-qualifying? Call us at 505-881-2000. It's our job to answer pre-qualification questions, so we're happy to help!