Why it's Important to Pre-Qualify
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It can be valuable to visit with a mortgage professional early, even before you've determined what type of house to search for. What for? When you do not yet know how much home you want to qualify for, how can we help?
We Will Help You Pre-Qualify
We can help determine how much of a mortgage you can afford, and how much money you may be able to borrow, by taking you through pre-qualifying. The process outlines your current financial situation - your debt, income, employment, and cash available for down payment, among other things. It is a quick, thorough process with minimal risks for papercuts.
We will award you a Pre-Qualification Letter after you qualify, that says that we are confident you'll qualify for up to a predetermined amount of mortgage loan dollars.
Power in the Pre-Qual
When you locate a house that catches your eye, and you want to make an offer, being pre-qualified for a mortgage will do a number of things. The first is that you'll know the amount you will be able to afford when determining your offer.
Being pre-qualified also will make your offer look even better to the home seller, as if you were bringing them a suitcase of cash! They need not be concerned that they have been wasting their time if you don't have the ability to qualify for a big enough mortgage. The seller won't be concerned that he can't count on you to qualify for your loan.Your qualifying for the necessary loan amount won't be something for them to lose sleep over. You have the capability to back up your offer.
We help with your pre-qualification
We can help determine how much of a mortgage you can afford, and how much money you may be able to borrow, by walking you through pre-qualifying. We achieve this by reviewing your income and debts, your work and residence circumstances, the available funds for a down payment, required reserves, and some other things. It's short and basic; and we keep the paperwork light.
Face to Face
It's vital for you to sit down and meet with us, even though you are welcome to also utilize the helpful mortgage calculator tools on this site. For one thing, you will need a Pre-Qualification Letter! Next, we can review your mortgage program options and make sure you are in the best one. Let us get you started: Contact us at 405-513-7700.
Have questions about pre-qualifying? Call us at 405-513-7700. We answer pre-qualification questions every day.