When to Speak to Your Mortgage Professional About Pre-Qualifying
It is valuable to visit with a mortgage professional early, even before you've decided what type of house to search for. Why? When you don't yet know how much house you need to qualify for, how could we help?
We Can Help You Pre-Qualify
We can help you see how much of a mortgage loan you can afford, and the amount of money you can borrow, by taking you through pre-qualifying. The process leads you through your finances - your debts, income, employment, and cash available for down payment, among other things. We will ask for a minimum amount of paperwork, with a quick process.
At the point you are determined to be eligible, we document our confidence in your potential to qualify for a mortgage loan by presenting you with a Pre-Qualification Letter (also called a "pre-qual").
Power in the Pre-Qual
Once you locate a 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. First, it helps you know how much you can offer.
Being pre-qualified can also make your offer look even better to the home seller, like you were bringing them a suitcase of cash! They won't have to be concerned they're wasting their time if you won't be able to have the ability to qualify for a big enough mortgage loan. The seller of the home won't be concerned that he can't trust you to qualify for your mortgage in the amount you'll need.Your qualifying for the necessary mortgage loan amount will not be something for them to fret over. You have the capability to back up your offer.
We will help you with your pre-qualification
When we pre-qualify you, we help you decide the amount you can afford in monthly payments you can fit in your budget, and how much we of a loan you can qualify for. The process leads you through your financial situation - your debt, income, employment, cash available for down payment, among other things. We as for a minimum amount of paperwork, and avoid a lengthy process.
Face to Face
You can certainly use the mortgage calculators on this site to calculate the size mortgage you'll be able to afford - but it's also valuable to meet with one of our mortgage professionals. We can begin getting your pre-qualification letter. For another thing, we could find a different mortgage option that better fits your needs. Contact us at 816-365-2568 to get your pre-qualification process started.
Have questions about pre-qualifying? Call us at 816-365-2568. Affinity Lending Inc answers pre-qualifying questions every day.