When to Speak to a Mortgage Professional
Shopping for a mortgage? We'll be glad to discuss our mortgage offerings! Call us at 205-941-1484. Want to get started? Apply Online Now.
It is helpful to consult with your mortgage loan professional as soon as possible — even before you have started researching neighborhoods. Why? When you don't yet know how much house you want to qualify for, what can we help you with?
We Can Help You Pre-Qualify
We can help you calculate how much of a mortgage you can afford, and how much money you can borrow, by taking you through pre-qualifying. In the process, we look at your ability to borrow - reviewing your job, available money for down payment, existing debt, income, and other circumstances. We will ask for a minimum amount of paperwork, and avoid a lengthy process.
Once 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 loan program to fit your situation and that we're confident you'll qualify for a mortgage loan for up to a certain amount.
Power in the Pre-Qual
Various beneifits open to you after you find your new house, and have achieved pre-qualification. The first is that you'll know the amount you can afford when determining your offer.
Of greater importance to the current home owner, your pre-qualification is like your having walked into their front door with a suitcase full of cash ready to make the deal! They need not be concerned that they have been wasting their time if you won't be able to be able to qualify for a high enough mortgage loan. The seller won't be concerned that he can't count on you to qualify for your mortgage in the amount you will need.Your qualifying for the necessary loan amount will not cause them concern. They have a virtual guarantee that they can trust your buying power.
We will help you with your pre-qualification
When we pre-qualify you, we help you find out the amount you can afford in monthly mortgage payments you can afford, and how much we of a loan you will qualify for. In the process, we explore your capacity to borrow - reviewing your earning status, money available for down payment, debt, income, and other areas. It's a short, thorough process with minimal risks for papercuts.
You can certainly use the calculators available on our site to get an idea of how much mortgage you can afford - but it's also important to talk with us. We can begin working on your pre-qualification letter. Next, we can consider your loan options to make sure you are in the best one. Let us help you get started: Contact us at 205-941-1484.
Have questions about pre-qualifying? Call us at 205-941-1484. It's our job to answer pre-qualification questions, so we're happy to help!