Why Pre-Qualification is Important
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It is valuable to consult with your mortgage professional early — even before you've started researching neighborhoods. Why? If you don't know yet how much house you want to qualify for, how could we help?
We can help you calculate the loan amount you can qualify for and the monthly mortgage payment amount you can afford by getting you pre-qualified. In the process, we look at your borrowing capacity - analyzing your job, money available for down payment, existing debt, income, and other circumstances. We will require a minimum amount of paperwork, with a short, basic process.
After you are determined to be eligible, we will prove our confidence in your capacity to qualify for a loan by awarding you a Pre-Qualification Letter (also called a "pre-qual").
When you find a house that is right for you, and you want to put together an offer, being pre-qualified for a mortgage will do a couple of things. First of all, you have some concrete numbers in mind, as the amount you will qualify for on your loan. More important to the current home owner, your being pre-qualified is like your having entered their house with a bag full of cash to make the deal! They will not have to be concerned they're wasting their time if you won't be able to be able to qualify for a big enough mortgage loan. The seller won't wonder if he can trust you to qualify for your mortgage in the amount you will need. Your qualifying for the necessary loan amount will not cause them concern. They have a virtual guarantee to trust your buying power.
We help with your pre-qualification
We can help you determine the loan amount you can qualify for and the mortgage payment amount you can afford by helping you pre-qualify. This process outlines your finances - your debts, income, employment, cash available for down payment, among other things. We will require a minimum amount of paperwork, with a quick process.
Face to Face
You can always use the mortgage calculators on this website to calculate how much mortgage you can afford - but it's also important to talk with us. That way, we'll help you get your pre-qualification letter. For another thing, we could find a different mortgage program that better fits your needs. Contact us at (504) 212-0704 to get started.
Have questions about pre-qualifying? Call us at (504) 212-0704. It's our job to answer pre-qualification questions, so we're happy to help!