The Importance of Pre-Qualification
It can be helpful to visit with a mortgage loan pro early, even before you've decided the sort of home to look for. What for? What can we do for you if you haven't negotiated a purchase amount, and do not yet know how much you need to borrow?
We will help you see how much of a mortgage you can afford, and the amount of money you may be able to borrow, by walking you through the pre-qualification process. During the process, we determine your capacity to borrow - analyzing your earning status, available money for down payment, debt, income, and other circumstances. It's quick and basic; We take pride in keeping the paperwork light.
We award you a Pre-Qualification Letter after you qualify, that says that we are confident you will qualify for up to a certain amount of mortgage loan dollars.
After you locate the house that is ideal for you, and you decide to put together an offer, being pre-qualified for a mortgage will do a couple of things. The first is that you will be sure the amount you'll be able to afford when putting together your offer.
Being pre-qualified also will make your offer look even better to the home seller, like you were bringing them a suitcase of cash! They need not wonder if they are wasting their time if you can't be able to qualify for a big enough mortgage. The seller won't be concerned that he won't be able to count on you to qualify for your loan.Your qualifying for your needed mortgage loan amount will not cause them concern. They have a virtual guarantee that they can trust your ability to back up your offer.
We can help you pre-qualify
We will help you see how much of a mortgage loan you can afford, and how much money you can borrow, by walking you through the pre-qualification process. The process outlines your finances - your debts, income, employment, down payment money, among other things. It's short and basic; and we take pride in keeping the paperwork light.
It's important to sit down and meet with us, even though you are welcome to also use the helpful mortgage loan calculator tools on this website. For one thing, you'll need a Pre-Qualification Letter! For another thing, we could locate a different mortgage option that better fits your needs. We're waiting to hear from you: call us at 941-924-0044.
Have questions about pre-qualifying? Call us at 941-924-0044. Integrity Lending answers pre-qualifying questions every day.