Why it's Important to Pre-Qualify
Shopping for a mortgage loan? We'll be glad to answer your questions about your mortgage needs! Call us at (816) 525-8000. Ready to begin? Apply Here.
Even if you haven't researched homes to visit yet, it can be valuable to visit with your mortgage loan professional first. Why? How can we help if you haven't negotiated an amount, and don't know yet how much you need to borrow?
We can help determine how much of a mortgage loan you can afford, and how much money you can borrow, by taking you through the pre-qualification process. In the process, we determine your capacity to borrow - analyzing your job, money available for down payment, debts, income, and other areas. It's quick and to the point; We take pride in keeping the paperwork to a minimum.
At the point you are determined to be eligible, we document our confidence in your ability to qualify for a mortgage loan by presenting you with a Pre-Qualification Letter (also known as a "pre-qual").
After you find the house that is ideal for you, and you decide to make an offer, being pre-qualified for a mortgage will do a number of things. First, you have some general numbers in mind, as the amount you can borrow.
Even more important to the present owner, your pre-qualification gives them confidence - as if you'd arrived at their house with a suitcase of cash to back up the offer! They won't need to worry that that they have been wasting their time if you do not have the ability to qualify for a high enough mortgage loan. The seller won't be concerned that he can't count on you to qualify for your loan.Your qualifying for the necessary mortgage loan amount won't be something for them to fret over. You have the capability to back up your offer.
We will help you pre-qualify
When we pre-qualify you, we help you decide the amount you can afford in monthly mortgage payments you can fit in your budget, and the loan amount you will qualify for. This process takes you through your finances - your debt, income, career, cash available for down payment, among other things. It's quick and basic; and we keep the paperwork light.
Face to Face
It is vital for you to sit down and talk with us, even though you are free to also utilize the helpful mortgage calculator tools on this site. For one thing, you'll want a Pre-Qualification Letter! Next, we can consider your mortgage options to make sure you have selected the best one. We are eager to meet with you: contact us at (816) 525-8000.
Have questions about pre-qualifying? Call us at (816) 525-8000. It's our job to answer pre-qualification questions, so we're happy to help!