Why Pre-Qualification is Important
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It's important to consult with your mortgage loan professional as soon as possible — even before you have begun researching neighborhoods. What for? When you do not yet know how much house you want to qualify for, what could we do for you?
When we pre-qualify you, we help you determine how much of a monthly mortgage payment you can afford, and how much we of a loan you can qualify for. This process walks you through your finances - your debt, income, career, and down payment money, among other things. It's quick and to the point; We keep the paperwork to a minimum.
When you qualify, we present to you a Pre-Qualification Letter (your real estate agent may refer to it as a "pre-qual"), that states that we are partnering with you to find the ideal loan to fit your situation and that we are confident you will qualify for a loan for a certain amount.
Power in the Pre-Qual
When you find a house that meets your needs, and you want to make an offer, being pre-qualified for a mortgage will do a number of things. First, you have some definite numbers in mind, as the total you can borrow. Being pre-qualified also will make your offer look even better to the seller, as if you were bringing them a suitcase full of cash! They need not wonder if they're wasting their time if you don't be able to qualify for a big enough mortgage. The seller of the home won't worry if he can count on you to qualify for your mortgage in the amount you will need.Your qualifying for the necessary loan amount won't cause them concern. You have the 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 the amount of money you can borrow, by walking you through the pre-qualification process. The process leads you through your finances - your debts, income, job, down payment money, among other things. It's quick and to the point; and we take pride in keeping the paperwork to a minimum.
Face to Face
It's important for you to sit down and talk with us, even though you are free to also try the helpful mortgage loan calculator tools on our website. We can walk you through your pre-qualification letter. For another thing, we may find a different mortgage choice that better fits your needs. Let us help you get started: Call us at 208-941-3337.
Have questions about pre-qualifying? Call us at 208-941-3337. Goodrich Mortgage Group answers pre-qualifying questions every day.