When to Talk to Your Mortgage Professional About Pre-Qualifying
Shopping for a mortgage loan? We can help! Call us at (610) 889-7467. Ready to begin? Apply Here.
It can be helpful to visit with a mortgage professional early, even before you've decided what type of home to search for. What for? Perhaps it's hard to understand how we could help even before you begin to talk about prices and negotiations.
Our mortgage professionals can help you determine the loan amount you can qualify for and the monthly payment amount you can afford by getting you pre-qualified. In this process, we explore your ability to borrow - analyzing your earning status, available money for down payment, debts, income, and other areas. It's short and basic; We keep the paperwork light.
When you are considered eligible, we will prove our confidence in your ability to qualify for a mortgage loan by awarding you a Pre-Qualification Letter (also called a "pre-qual").
After you locate a house that catches your eye, and you want to make an offer, being pre-qualified for a loan will do several things. The first is that you'll know what you'll be able to afford when determining the offer.
Even more important to the seller of the home, your pre-qualification letter gives them certainty - as if you'd entered their house with a big box of cash to back up the offer! They won't need to be concerned they have been wasting their time if you can't have the ability to qualify for a big enough mortgage. The seller of the home won't be concerned that he won't be able to count on you to qualify for your mortgage in the amount you will need.Your qualifying for the necessary mortgage loan amount won't be something for them to worry about. You have the capability to back your offer up.
We will help you with your pre-qualification
We can help you see how much of a mortgage loan you can afford, and how much money you can borrow, by taking you through pre-qualifying. This process outlines your current financial situation - your debts, income, employment, down payment money, among other things. It's short and to the point; and we take pride in keeping the paperwork light.
It is important to sit down and talk with us, even though you are welcome to also use the helpful mortgage calculator tools on this site. We can work toward your pre-qualification letter. Then, we will make sure we have selected the right mortgage program for your situation. We are waiting to hear from you: contact us at (610) 889-7467.
Have questions about pre-qualifying? Call us at (610) 889-7467. It's our job to answer pre-qualification questions, so we're happy to help!