When to Talk to a Mortgage Pro
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It is important to bring in your mortgage loan professional as soon as possible — even before you have begun researching neighborhoods. Why? If you do not know yet how much home you want to qualify for, how can we help?
We Will Help You Pre-Qualify
We will help determine how much of a mortgage you can afford, and how much money you can borrow, by walking you through pre-qualifying. The process outlines your current financial situation - your debt, income, career, and down payment money, among other things. We ask for a minimum amount of paperwork, and avoid a lengthy process.
At the point you are determined to be eligible, we document our confidence in your potential to qualify for a mortgage by awarding you a Pre-Qualification Letter (also called a "pre-qual").
Power in the Pre-Qual
A number of advantages open to you when you have found your new house, and have achieved pre-qualification. First of all, you have some concrete numbers in mind, as the amount you can borrow.
Of greater importance to the home seller, your being pre-qualified is like your having walked into their house with a bag full of cash ready to purchase their home! They need not be concerned that they are wasting their time if you do not be able to qualify for a high 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 the necessary loan amount will not be something for them to be concerned about. They have a virtual guarantee that they can trust your ability to back up your offer.
We can help you pre-qualify
Our mortgage professionals will help you find out how much of a loan you can qualify for and the mortgage payment amount you are able to afford by getting you pre-qualified. We do this by reviewing your debts and income, your employment and residence situations, your funds available for a down payment, required reserves, and other considerations. We will require a minimum amount of paperwork, and avoid a lengthy process.
Face to Face
You can always use the mortgage calculators on our site to get an idea of how much mortgage you will be able to afford - but it's also important to talk with one of our mortgage professionals. We can walk you through your pre-qualification letter. For another thing, we could find a different mortgage loan option that better fits your needs. We are eager to meet with you: call us at 603-893-6616.
Have questions about pre-qualifying? Call us at 603-893-6616. We answer pre-qualification questions every day.