Getting Qualified

Why is Pre-Qualification So Important?


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If you do not know what sort of home you wish to purchase, it may be helpful to speak with a mortgage loan specialist first. Why? We do not yet know how much you wish to borrow, so what can we do for you before you have negotiated a price?

Pre-Qualify

As part of the pre-qualification process, we assist you in determining the amount of a monthly payment you can afford, as well as the amount of financing you will be eligible for. To accomplish this, we examine your debts and income, your employment and housing situation, your available funds for a down payment, required reserves, and several other factors. We keep the paperwork to a minimum; it is short and to the point.

When we are confident that you will be eligible to receive a specific amount of mortgage loan dollars, we will award you a Pre-Qualification Letter.

Power in Pre-Qualification

When you find the house you wish to make an offer on, your pre-qualification letter will afford you a number of advantages. The first is that when determining the offer, you will know what you can afford. Your pre-qualification is even more significant to the seller, since it provides them with confidence - as if you had walked into their home with a box of cash to support your offer. If you are unable to qualify for a large mortgage, they will not have to wonder if they are wasting their time. During the sales process, the seller will not worry about whether you can qualify for your mortgage loan in the amount you need. They will not be concerned about your ability to obtain the needed mortgage loan amount. The offer can be backed up by sufficient documentation.

We will assist you in prequalifying

Through the pre-qualification process, we will assist you in determining how much you can afford as well as how much money you are qualified to borrow. In the course of the process, we examine your borrowing capacity. We review your job, money that is available for a down payment, debts, and income. The process is simple and straightforward; we keep the paperwork to a minimum.

One-on-One

To determine how much mortgage you can afford, you can always use the calculators here, but it is also essential that you speak with a mortgage professional. Together, we can create your prequalification letter. Afterwards, we can determine which mortgage loan program would be most beneficial to you. For more information, please call 603-893-6616.

Questions regarding pre-qualification? We can be reached at 603-893-6616. Omni Mortgage Company, Inc. provides pre-qualification assistance on a daily basis.

Questions about getting qualified? Contact Omni today at (603) 893-6616!

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