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It can be helpful to visit with a mortgage professional early, even if you haven't settled on the kind of home to search for. What for? When you do not know yet how much home you want to qualify for, how can we help?
We Can Help You Pre-Qualify
Our mortgage professionals can help you find out how much of a loan you can qualify for and the monthly mortgage payment amount you can afford by getting you pre-qualified. We achieve this by reviewing your debts and income, your employment and housing circumstances, the funds available for down payment, required reserves, and other financial considerations. We ask for a minimum amount of paperwork, and avoid a lengthy process.
We award you a Pre-Qualification Letter after you qualify, that says that we are confident you will qualify for up to a predetermined amount of mortgage dollars.
Power in the Pre-Qual
Once you locate a house that is right for you, and you want to put together an offer, being pre-qualified for a mortgage will do a number of things. The first is that you can know what you can afford when putting together the offer.
Having pre-qualification also will make your offer look even better to the home seller, as if you were bringing them a big box of cash! They won't need to be concerned that they are wasting their time if you don't have the ability to qualify for a big enough mortgage. The seller won't worry if he can trust you to qualify for your loan.Your qualifying for the necessary loan amount will not be something for them to fret over. They have a virtual guarantee that they can trust your ability to back up your offer.
We can help you pre-qualify
When we pre-qualify you, we help you decide the amount you can afford in mortgage payments you can fit in your budget, and how much we of a loan you can qualify for. The process outlines your financial situation - your debt, income, job, cash available for down payment, among other things. It's short and to the point; and we keep the paperwork to a minimum.
Face to Face
It is vital to sit down and meet with us, even though you are welcome to also utilize the helpful mortgage calculator tools on this website. That way, we will help you get your pre-qualification letter. Then, we'll make sure we have the best mortgage program for your situation. We're waiting to hear from you: call us at 701.222.0100.
Have questions about pre-qualifying? Call us at 701.222.0100. It's our job to answer pre-qualification questions, so we're happy to help!