The Importance of Pre-Qualification
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It is helpful to consult your mortgage professional early — even before you've started to research neighborhoods. Why? If you do not know yet how much home you need to qualify for, how can we help?
We Will Help You Pre-Qualify
We can help you calculate how much of a mortgage you can afford, and the amount of money you can borrow, by taking you through pre-qualifying. In the process, we calculate your borrowing capacity - reviewing your earning status, available money for down payment, existing debt, income, and other circumstances. We require a minimum amount of paperwork, with a quick process.
At the point you are considered eligible, we prove our confidence in your capacity to qualify for a mortgage loan by presenting you with a Pre-Qualification Letter (also known as a "pre-qual").
With your pre-qualification letter, several advantages are yours once you locate the home you want to make an offer for. First, it helps you know how much you're able to offer.
Having pre-qualification also will make your offer more attractive to the seller, like you were bringing them a suitcase full of cash! They need not worry that they are wasting their time if you don't be able to qualify for a big 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 your needed mortgage loan amount won't be something for them to worry about. You have the influence of a buyer ready to make the purchase on the spot!
We will help you pre-qualify
We can help you calculate how much of a mortgage you can afford, and how much money you will be able to borrow, by walking you through the pre-qualification process. The process leads you through your current financial situation - your debts, income, employment, cash available for down payment, among other things. It's a quick, thorough process with minimal risks for papercuts.
One on one
It's vital to sit down and meet with us, even though you are free to also try the helpful mortgage loan calculators on this site. That way, we will help you get your pre-qualification letter. Then, we will make sure we have chosen the best mortgage loan program for you. Contact us at (732) 969-9300 to get your pre-qualification process started.
Have questions about pre-qualifying? Call us at (732) 969-9300. It's our job to answer pre-qualification questions, so we're happy to help!