Why Pre-Qualification is Important
|Searching for a loan? We will be glad to help! Call us at 804-768-9519. Ready to get started? Apply Online Now.|
Even if you have not so much as picked out houses to view yet, it can be valuable to visit with your mortgage pro early. What for? Maybe it's difficult to fathom the ways in which we could help even before you start to negotiate.
When we pre-qualify you, we help you determine the amount in mortgage payments you can fit in your budget, and the loan amount you can qualify for. The process outlines your current financial situation - your debts, income, job, and cash available for down payment, among other things. We ask for a minimum amount of paperwork, and avoid a lengthy process.
We will give you a Pre-Qualification Letter after you qualify, that states that we are confident you'll qualify for up to a certain amount of mortgage dollars.
A number of beneifits open to you when you have found your dream house, and have pre-qualification power. First of all, you have some concrete numbers in mind, as the amount you will qualify for with your mortgage loan. Even more important to the present owner, your pre-qualification gives them certainty - as if you'd entered their home with a bag of cash to back up the offer! They need not worry that they are wasting their time if you can't be able to qualify for a high enough mortgage. 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 won't be something for them to lose sleep over. You have the ability to back your offer up.
We help with your pre-qualification
We can help you calculate how much of a loan you can qualify for and the mortgage payment amount you can afford by helping you pre-qualify. During the process, we calculate your borrowing capacity - looking at your job, money available for down payment, existing debt, income, and other circumstances. It's a short, thorough process with minimal risks for papercuts.
Face to Face
It is vital to sit down and talk with us, even though you are free to also utilize the helpful mortgage loan calculators on this site. We can walk you through your pre-qualification letter. For another thing, we could locate a different mortgage program that fits your goals better. Let us get you started: Call us at 804-768-9519.