Why it's Important to Pre-Qualify
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Even if you have not so much as narrowed down houses to view yet, it's advantageous to visit with your mortgage loan professional first. What for? If you do not yet know how much house you need to qualify for, how can we help?
Our mortgage professionals can help you determine the loan amount you can qualify for and the monthly payment amount you are able to afford by helping you pre-qualify. This process takes you through your finances - your debts, income, employment, and down payment money, among other things. We require a minimum amount of paperwork, with a quick process.
We award you a Pre-Qualification Letter if you qualify, that documents that we are confident you'll qualify for a specific amount of mortgage dollars.
Power in the Pre-Qual
After you locate a house that catches your eye, and you want to make an offer, being pre-qualified for a mortgage will do several things. First, it lets you know the amount that you're able to offer.
Being pre-qualified can also make your offer look even better to the seller, like you were bringing them a suitcase of cash! They will not need to be concerned that they're wasting their time if you won't be able to have the ability to qualify for a high enough mortgage loan. The seller won't wonder if he can trust you to qualify for your loan.Your qualifying for your needed mortgage loan amount will not be something for them to be concerned about. You have the capability to back your offer up.
We help with your pre-qualification
When we pre-qualify you, we help you decide the amount you can afford in monthly payments you can fit in your budget, and the size of loan you can qualify for. This process outlines your finances - your debts, income, career, down payment money, among other things. We require a minimum amount of paperwork, and avoid a lengthy process.
It's important to sit down and talk with us, even though you are welcome to also utilize the helpful mortgage loan calculators on our site. For one thing, you'll need a Pre-Qualification Letter! For another thing, we could locate a different mortgage program that is a better fit for you. Let us get you started: Call us at (610) 889-7467.
Have questions about pre-qualifying? Call us at (610) 889-7467. Howard Financial answers pre-qualifying questions every day.