In the market for a mortgage? We can assist you! Give us a call at (732) 969-9300. Want to get started? Apply Here.
Even if you've not so much as picked out homes to visit yet, it's important to visit with your mortgage loan professional first. What for? If you don't know yet how much home you need to qualify for, how can we help?
Our mortgage professionals can help you find out the loan amount you can qualify for and the mortgage payment amount you are able to afford by helping you pre-qualify. In this process, we look at your borrowing capacity - looking at your earning status, available money for down payment, debt, income, and other areas. We ask for a minimum amount of paperwork, and avoid a lengthy process.
When you qualify, we give you a Pre-Qualification Letter (your real estate agent may call it a "pre-qual"), which documents the fact that we are partnering with you to find the best loan program to meet your needs and that we are confident you'll qualify for a loan for a specific amount.
Armed with your pre-qualification letter, some advantages fall at your feet when you locate the home you want to make an offer on. First, it helps you know how much you're able to offer.
Your pre-qualification also will make your offer look even better to the home seller, as if you were bringing them a suitcase full of cash! They will not need to worry that they're wasting their time if you can't be able to qualify for a high enough mortgage loan. The seller won't be concerned that he won't be able to trust you to qualify for your mortgage in the amount you will need.Your qualifying for your needed loan amount won't be something for them to be concerned about. You have the ability to back your offer up.
We can help you pre-qualify
We will help determine how much of a mortgage you can afford, and the amount of money you may be able to borrow, by walking you through pre-qualifying. We can achieve this by analyzing your debts and income, your work and housing situations, your available funds for down payment, required reserves, and some other things. It's quick and basic; and we take pride in keeping the paperwork to a minimum.
One on one
You can always use the calculators here on our website to get an idea of how much mortgage you'll be able to afford - but it's also important to talk with us. That way, we will be able to help you get your pre-qualification letter. Then, we will make sure we have the ideal mortgage program for your situation. We are eager to meet with you: contact us at (732) 969-9300.
Have questions about pre-qualifying? Call us at (732) 969-9300. Atlantic Financial Services answers pre-qualifying questions every day.