Even if you’ve not picked out homes to visit yet, it can be important to contact your mortgage professional first. What for? What can we do for you if you have not negotiated a purchase amount, and don’t know yet the amount you want to borrow?
We Will Help You Pre-Qualify
We can help you determine how much of a loan you can qualify for and the monthly mortgage payment amount you are able to afford by getting you pre-qualified. This process outlines your current financial situation – your debt, income, employment, and down payment money, among other things. It’s short and to the point; We keep the paperwork to a minimum.
Once you are determined to be eligible, we prove our confidence in your ability to qualify for a loan by presenting you with a Pre-Qualification Letter (also called a “pre-qual”).
Pre-Qualification Power
Some benefits open to you when you have found your next house, and have pre-qualification. The first is that you can be sure the amount you’ll be able to afford when putting together the offer. More important to the current home owner, your pre-qualification is like your having walked into their house with a suitcase full of money ready to make the deal! They won’t need to be concerned they have been wasting their time if you don’t be able to qualify for a high enough mortgage loan. The seller won’t wonder if he can trust you to qualify for your mortgage in the amount you will need.Your qualifying for your needed mortgage loan amount won’t cause them concern. You have the capability to back up your offer.
We can help you pre-qualify
We will help you calculate how much of a mortgage loan you can afford, and how much money you can borrow, by walking you through the pre-qualification process. During this process, we calculate your capacity to borrow – reviewing your job, money available for down payment, debts, income, and other circumstances. We as for a minimum amount of paperwork, with a quick process.
Face to Face
You can always use the mortgage calculators here on our site to calculate how much mortgage you’ll be able to afford – but it’s also valuable to meet with us. We can work toward your pre-qualification letter. Next, we can consider your mortgage loan options to be sure you have found the right one. Contact us at (732) 664-9624 to get your pre-qualification process started.