The Importance of Pre-Qualification
Even if you've not so much as researched houses to view yet, it is valuable to see your mortgage professional first. What for? It might be hard to fathom the ways we can help even before you begin to negotiate.
We can help determine how much of a mortgage loan you can afford, and how much money you can borrow, by walking you through pre-qualifying. We can accomplish this by considering your debts and income, your work and residence situations, the funds available for a down payment, required reserves, and other considerations. It is a short, thorough process with minimal risks for papercuts.
We'll award you a Pre-Qualification Letter after you qualify, which documents that we are confident you'll qualify for up to a predetermined amount of mortgage loan dollars.
Some beneifits open to you when you find your new house, and have achieved pre-qualification. The first is that you'll know what you'll be able to afford when calculating the offer.
Your pre-qualification also will make your offer look even better to the seller, as if you were bringing them a bag full of cash! They need not worry that they are wasting their time if you can't be able to qualify for a big enough mortgage loan. The seller of the home won't be concerned that he can't trust you to qualify for your mortgage in the amount you'll need.Your qualifying for your needed loan amount won't be something for them to be concerned about. You'll have the clout of a buyer ready to make the deal on the spot!
We will help you with your pre-qualification
When we pre-qualify you, we help you figure out how much of a monthly payment you can afford, and the loan amount you will qualify for. This process leads you through your current financial situation - your debt, income, career, cash available for down payment, among other things. It's quick and to the point; and we take pride in keeping the paperwork to a minimum.
Face to Face
You can certainly use the calculators here on our site to calculate the size mortgage you'll be able to afford - but it's also valuable to meet with one of our mortgage professionals. We can walk you through your pre-qualification letter. Next, we can consider your mortgage program options to make sure you are in the best one. Let us help you get started: Contact us at (402) 502-9037.
Have questions about pre-qualifying? Call us at (402) 502-9037. Full Access Mortgage, Inc. (NMLS 1049472) answers pre-qualifying questions every day.