When to Speak to a Mortgage Professional About Pre-Qualification

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It's helpful to visit with a mortgage loan pro early, even if you haven't settled on the sort of house to look for. What for? How can we help you if you have not made your offer, and don't yet know the amount you need to borrow?

We Will Help You Pre-Qualify

Our mortgage professionals will help you determine the loan amount you can qualify for and the monthly payment amount you can afford by helping you pre-qualify. This process leads you through your financial situation - your debts, income, employment, and down payment money, among other things. It's short and to the point; We keep the paperwork to a minimum.

After you qualify, we present to you a Pre-Qualification Letter (your real estate agent might refer to it as a "pre-qual"), which says that we are helping you to find the best mortgage loan to meet your financial needs and that we are confident you'll qualify for a mortgage for a specific amount.

Power in the Pre-Qual

With your pre-qualification letter, a number of advantages fall at your feet when you find the house you want to put together an offer on. The first is that you will be sure what you'll be able to afford when putting together the offer. Of greater importance to the existing home owner, your being pre-qualified is like your having walked into their house with a suitcase full of cash ready to purchase the house! They won't need to be concerned that they're wasting their time if you will not have the ability to qualify for a big enough mortgage loan. The seller won't worry if he can count on you to qualify for your mortgage in the amount you'll need.Your qualifying for the necessary mortgage loan amount will not be something for them to fret over. They have a virtual guarantee that they can trust your buying power.

We will help you with your pre-qualification

When we pre-qualify you, we help you find out how much of a monthly mortgage payment you can afford, and the size of loan you will qualify for. We achieve this by considering your income and debts, your work and residence circumstances, your available funds for a down payment, required reserves, and some other things. We require a minimum amount of paperwork, with a short, basic process.

Face to Face

It's vital to sit down and talk with us, even though you are welcome to also use the helpful mortgage loan calculator tools on this website. We can begin working on your pre-qualification letter. For another thing, we may be able to find a different mortgage loan option that better fits your needs. Let us help you get started: Call us at 2817780805.

Have questions about pre-qualifying? Call us at 2817780805. 1st Credential Mortgage Inc answers pre-qualifying questions every day.