Why Pre-Approval is Important
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Even if you've not so much as researched homes to view yet, it is valuable to visit with your mortgage loan professional early. Why? What can we do for you if you have not negotiated a purchase amount, and don't yet know how much you want to borrow?
We Can Help You Get Pre-Approved!
We will help you calculate the loan amount you can qualify for and the mortgage payment amount you can afford by getting you pre-approved. The process walks you through your financial situation - your debts, income, employment, and down payment money, among other things. It's short and to the point; We take pride in keeping the paperwork to a minimum.
After you qualify, will give you a Pre-Approval Letter (your real estate agent may call it a "pre-qual"), that documents the fact that we are working with you to find the right loan program to fit your situation and that we're confident you will qualify for a loan for a certain amount.
Power in the Pre-Approval
Once you find the house that is best for you, and you want to make an offer, being pre-approved for a mortgage will do a number of things. The first is that you'll be sure the amount you will be able to afford when calculating your offer. Being pre-approved can also make your offer look even better to the seller, like you were bringing them a suitcase full of cash! They need not worry that they're wasting their time if you don't be able to qualify for a big enough mortgage. The seller of the home won't be concerned that he can't count on you to qualify for your loan.Your qualifying for your needed mortgage loan amount won't be something for them to fret over. You will have the sway of a buyer ready to make the deal right now!
We will help you with your Pre- Approval
We can help you determine how much of a loan you can qualify for and the monthly payment amount you are able to afford by getting you pre-approved. We accomplish this by considering your income and debts, your employment and housing circumstances, your funds available for a down payment, required reserves, and other considerations. It's quick and to the point; and we keep the paperwork light.
While you can try our mortgage calculators on this website, it is essential to sit down and talk with us. For one thing, you will need a Pre-Approval Letter! Next, we can study your mortgage loan choices and make sure you are in the best one.
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