Why it's Important to Pre-Qualify
It is helpful to see a mortgage loan pro first, even before you've determined the kind of home you hope to find. What for? It may be difficult to understand the ways we can help even before you begin to negotiate.
We Can Help You Pre-Qualify
When we pre-qualify you, we help you figure out how much of a monthly mortgage payment you can afford, and how much we of a loan you can qualify for. We will do this by considering your debts and income, your work and housing circumstances, your available funds for down payment, required reserves, and some other things. We require a minimum amount of paperwork, and avoid a lengthy process.
We award you a Pre-Qualification Letter once you qualify, which documents that we're confident you can qualify for up to a certain amount of mortgage dollars.
Power in the Pre-Qual
A number of beneifits open to you after you have found your new house, and have achieved pre-qualification. First, it lets you know the amount that you can offer.
Even more important to the existing owner, your pre-qualification letter gives them confidence - as if you had arrived at their house with a big box of cash to back up the offer! They will not need to wonder if that they are wasting their time if you don't be able to qualify for a big enough mortgage. The seller of the home won't be concerned that he won't be able to count on you to qualify for your mortgage in the amount you will need.Your qualifying for the necessary loan amount won't cause them concern. You have the capability to back your offer up.
We help with your pre-qualification
When we pre-qualify you, we help you determine the amount you can afford in monthly payments you can fit in your budget, and how much we of a loan you will qualify for. This process outlines your finances - your debt, income, employment, cash available for down payment, among other things. It is a quick, thorough process with minimal risks for papercuts.
Face to Face
While you are encouraged to try our mortgage calculators on this website, it's a good idea to meet with one of our mortgage professional team members. That way, we will be able to help you get your pre-qualification letter. Next, we can consider your mortgage loan choices and be sure you have selected the best one. Let us help you get started: Call us at (713)484-6300.
Have questions about pre-qualifying? Call us at (713)484-6300. Top One Mortgage answers pre-qualifying questions every day.