Why Pre-Qualification is Important
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It's valuable to visit with a mortgage professional first, even before you've determined what type of house to search for. Why? It might be hard to fathom the way we can help even before you begin to negotiate.
We Will Help You Pre-Qualify
We can help you determine the loan amount you can qualify for and the monthly mortgage payment amount you are able to afford by getting you pre-qualified. In the process, we determine your borrowing potential - looking at your earning status, available money for down payment, debts, income, and other circumstances. It's quick and to the point; We take pride in keeping the paperwork light.
After you qualify, will present to you a Pre-Qualification Letter (your real estate agent may refer to it as a "pre-qual"), which says that we are partnering with you to find the right mortgage loan to meet your needs and that we are confident you will qualify for a mortgage loan for up to a certain amount.
Some advantages open to you when you find your dream house, and have achieved pre-qualification power. First, you have some definite numbers in mind, as the total you will qualify for with your mortgage loan. Of greater importance to the existing home owner, your being pre-qualified is like your having entered their front door with a bag full of money to make the deal! They won't have to worry that they're wasting their time if you do not have the ability to qualify for a big enough mortgage. The seller of the home won't be concerned that he can't trust you to qualify for your loan.Your qualifying for the necessary mortgage loan amount will not cause them concern. They have a virtual guarantee to trust your ability to back up your offer.
We will help you with your pre-qualification
We can help determine how much of a mortgage loan you can afford, and how much money you can borrow, by taking you through pre-qualifying. This process outlines your finances - your debts, income, employment, cash available for down payment, among other things. It's short and to the point; and we keep the paperwork to a minimum.
One on one
While you can try our mortgage calculators on our website, it's essential to meet with one of our mortgage professional team members. For one thing, you will need a Pre-Qualification Letter! Next, we can consider your mortgage program options to be sure you have chosen the right one. Contact us at (888) 833-5192 to get your pre-qualification process started.
Have questions about pre-qualifying? Call us at (888) 833-5192. Opportunity Funding answers pre-qualifying questions every day.