Why Pre-Qualification is Important
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It is helpful to visit with a mortgage professional first, even before you've decided what sort of home you hope to find. Why? Perhaps it's hard to understand the ways we can help even before you begin to talk about prices and negotiations.
We Will Help You Pre-Qualify
We will help you determine how much of a loan you can qualify for and the monthly payment amount you can afford by helping you pre-qualify. The process outlines your current financial situation - your debts, income, career, and cash available for down payment, among other things. It's a short, thorough process with minimal risks for papercuts.
Once you are determined to be eligible, we document our confidence in your capacity to qualify for a mortgage by awarding you a Pre-Qualification Letter (also called a "pre-qual").
Armed with your pre-qualification letter, several advantages are yours when you find the home you want to put together an offer on. First, it lets you know the amount that you can offer.
Even more important to the seller of the home, your pre-qualification gives them certainty - as if you'd arrived at their house with a big box of cash to make the offer! They need not be concerned that they are wasting their time if you don't be able to qualify for a big enough mortgage. The seller of the home won't worry if he can trust you to qualify for your loan.Your qualifying for the necessary mortgage loan amount will not cause them concern. You have the capability to back your offer up.
We will help you pre-qualify
Our mortgage professionals will help you find out the loan amount you can qualify for and the monthly payment amount you can afford by helping you pre-qualify. In this process, we determine your capacity to borrow - analyzing your job, available money for down payment, existing debt, income, and other areas. It's a short, thorough process with minimal risks for papercuts.
One on one
It is vital for you to sit down and talk with us, even though you are welcome to also use the helpful mortgage calculator tools on this website. For one thing, you will want a Pre-Qualification Letter! For another thing, we may find a different mortgage choice that fits your situation better. Let us get you started: Contact us at (816) 525-8000 & (81.
Have questions about pre-qualifying? Call us at (816) 525-8000 & (81. We answer pre-qualification questions every day.
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