When to Talk to Your Mortgage Pro About Pre-Qualification
In the market for a mortgage loan? We'd be thrilled to talk about your mortgage needs! Call us at (512) 422-9036. Ready to get started? Apply Here
Even if you have not so much as picked out homes to view yet, it is valuable to see your mortgage pro early. Why? Perhaps it's difficult to fathom the ways we could help even before you begin to calculate your offer.
We Will Help You Pre-Qualify
When we pre-qualify you, we help you figure out how much of a monthly payment you can fit in your budget, and how much loan you can qualify for. We can do this by considering your income and debts, your work and housing circumstances, the available funds for a down payment, required reserves, and some other things.
Once you qualify, we present to you what's called a Pre-Qualification Letter (your real estate agent may call it a "pre-qual"), that documents the fact that we are helping you to find the ideal mortgage loan program to fit your situation and that we are confident you'll qualify for a loan up to a specific amount.
Better yet, consider getting Preapproved.
When you locate a house that catches your eye, and you want to make an offer, being pre-qualified for a mortgage loan will do a number of things. First of all, you have some concrete numbers in mind, as the amount you will be able to borrow.
Even more important to the seller of the home, your pre-qualification status gives them confidence - as if you had arrived at their home with a suitcase of cash to make the offer! They will not have to worry that they're wasting their time if you can't be able to qualify for a high enough mortgage loan. The seller won't wonder if he can count on you to qualify for your mortgage in the amount you will need.Your qualifying for your needed loan amount will not be something for them to fret over. They have a virtual guarantee to trust your buying power.
We will help you with your pre-qualification
We will help determine how much of a mortgage loan you can afford, and the amount of money you will be able to borrow, by walking you through the pre-qualification process. We can do this by reviewing your income and debts, your work and housing circumstances, the available funds for a down payment, required reserves, and other financial considerations. It's a short, thorough process with minimal risks for papercuts.
While you are encouraged to try our tools to calculate mortgage variables on this site, it's a good idea to meet with us. For one thing, you'll want a Pre-Qualification Letter! Next, we can study your mortgage options to make sure you are in the right one. Let us help you get started: Contact us at (512) 422-9036.
Have questions about pre-qualifying? Call us at (512) 422-9036. We answer pre-qualification questions every day.