Why it's Important to Pre-Qualify
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It's helpful to consult your mortgage professional as soon as possible — even before you've started to research neighborhoods. Why? When you don't know yet how much house you need to qualify for, how could we help?
We Will Help You Pre-Qualify
We can help you see how much of a mortgage you can afford, and how much money you can borrow, by walking you through pre-qualifying. This process leads you through your financial situation - your debt, income, employment, and cash available for down payment, among other things. It's a short, thorough process with minimal risks for papercuts.
We'll give you a Pre-Qualification Letter when you qualify, that states that we are confident you can qualify for a predetermined amount of mortgage dollars.
Holding your pre-qualification letter, several advantages are yours at the point you locate the home you want to make an offer on. The first is that you'll be sure the amount you can afford when determining your offer.
Even more important to the existing owner, your pre-qualification gives them confidence - as if you'd come to their house with a bag of cash to make the offer! They will not have to be concerned that they're wasting their time if you will not have the ability to qualify for a high enough mortgage loan. The seller won't wonder if he can count on you to qualify for your mortgage in the amount you'll need.Your qualifying for your needed loan amount will not be something for them to worry about. 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 figure out the amount you can afford in mortgage payments you can fit in your budget, and how much we of a loan you will qualify for. We can achieve this by considering your income and debts, your work and housing circumstances, your funds available for down payment, required reserves, and some other things. We will ask for a minimum amount of paperwork, and avoid a lengthy process.
One on one
While you are able to benefit from our tools to calculate mortgage variables on our site, it's essential to meet with one of our mortgage professional team members. That way, we'll be able to help you get your pre-qualification letter. For another thing, we could locate a different mortgage choice that is a better fit for you. Let us help you get started: Call us at 7032880777.
Have questions about pre-qualifying? Call us at 7032880777. Saab Mortgage answers pre-qualifying questions every day.