Why it's Important to Pre-Qualify
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Even if you haven't so much as researched houses to visit yet, it can be important to contact your mortgage professional early. Why? What can we do for you before you have negotiated an amount, and don't know yet the amount you want to borrow?
We Can Help You Pre-Qualify
We will help you determine the loan amount you can qualify for and the monthly mortgage payment amount you can afford by helping you pre-qualify. In the process, we calculate your borrowing potential - looking at your earning status, money available for down payment, debts, income, and other circumstances. It's short and to the point; We take pride in keeping the paperwork to a minimum.
We'll give you a Pre-Qualification Letter when you qualify, which says that we are confident you can qualify for a certain amount of mortgage loan dollars.
Armed with your pre-qualification letter, some advantages fall at your feet at the point you locate the home you want to make an offer on. First, you have some general numbers in mind, as the total you can borrow.
Your pre-qualification can also make your offer more attractive to the seller, like you were bringing them a bag full of cash! They won't need to be concerned that they're wasting their time if you can't have the ability to qualify for a high enough mortgage. The seller won't wonder if he can count on you to qualify for your loan.Your qualifying for the necessary mortgage loan amount will not cause them concern. You have the ability to back your offer up.
We can help you pre-qualify
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. During this process, we look at your capacity to borrow - analyzing your job, money available for down payment, existing debt, income, and other areas. We will require a minimum amount of paperwork, with a short, basic process.
While you are encouraged to use our mortgage calculators on our site, it will be a good idea to meet with us. That way, we will help you get your pre-qualification letter. Then, we can make sure we have the right mortgage loan program for you. Contact us at (630) 305-9207 to get started.
Have questions about pre-qualifying? Call us at (630) 305-9207. It's our job to answer pre-qualification questions, so we're happy to help!