When to Talk to Your Mortgage Professional About Pre-Qualifying
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It can be helpful to visit with a mortgage professional early, even before you have determined what type of house to look for. What for? Perhaps it is hard to understand how we can help even before you start to calculate your offer.
We Can Help You Pre-Qualify
When we pre-qualify you, we help you decide how much of a monthly payment you can afford, and the size of loan you can qualify for. We do this by analyzing your income and debts, your work and housing circumstances, your funds available for a down payment, required reserves, and some other things. It's a quick, thorough process with minimal risks for papercuts.
We will award you a Pre-Qualification Letter when you qualify, which documents that we are confident you'll qualify for up to a predetermined amount of mortgage loan dollars.
Holding your pre-qualification letter, several advantages are yours when you find the home you want to put together an offer for. The first is that you can be sure the amount you will be able to afford when calculating the offer.
Even more important to the seller of the home, your pre-qualification letter gives them certainty - as if you had entered their home with a suitcase of cash to make the offer! They need not worry that that they have been wasting their time if you do not be able to qualify for a high enough mortgage loan. The seller of the home won't worry if he can count on you to qualify for your loan.Your qualifying for the necessary loan amount won't cause them concern. You will have the influence of a buyer ready to make the deal right now!
We will help you with your pre-qualification
We will help determine how much of a mortgage loan you can afford, and the amount of money you may be able to borrow, by walking you through pre-qualifying. We can do this by analyzing your debts and income, your work and residence situations, the available funds for a down payment, required reserves, and some other things. We require a minimum amount of paperwork, and avoid a lengthy process.
Face to Face
You can always use the mortgage calculators available on this site to get an idea of how much mortgage you will be able to afford - but it's also valuable to talk with us. We can begin working on your pre-qualification letter. For another thing, we might find a different mortgage option that is a better fit for you. Contact us at (803) 391-3299 to get your pre-qualification process started.
Have questions about pre-qualifying? Call us at (803) 391-3299. National Asset Mortgage, LLC answers pre-qualifying questions every day.