Why it's Important to Pre-Qualify
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It is helpful to see a mortgage professional first, even before you have decided what sort of home to search for. What for? Perhaps it's difficult to fathom the ways in which we can help even before you begin to negotiate.
When we pre-qualify you, we help you determine how much of a monthly mortgage payment you can afford, and the loan amount you will qualify for. The process outlines your finances - your debt, income, career, and down payment money, among other things. It's a short, thorough process with minimal risks for papercuts.
When you qualify, we present to you a Pre-Qualification Letter (your real estate agent may call it a "pre-qual"), which states that we are helping you to find the right loan to meet your situation and that we're confident you will qualify for a loan for a certain amount.
Power in the Pre-Qual
Holding your pre-qualification letter, a number of advantages fall at your feet at the point you locate the home you want to make an offer for. The first is that you can be sure the amount you'll be able to afford when calculating your offer.
Being pre-qualified also will make your offer more attractive to the seller, like you were bringing them a suitcase full of cash! They will not have to worry that they have been wasting their time if you don't be able to qualify for a big enough mortgage. The seller of the home won't be concerned that he can't trust you to qualify for your loan.Your qualifying for your needed loan amount will not be something for them to fret over. You can have the influence of a buyer ready to make the purchase right now!
We will help you pre-qualify
When we pre-qualify you, we help you determine the amount you can afford in monthly payments you can afford, and the size of loan you will qualify for. The process outlines your finances - your debts, income, employment, down payment money, among other things. It's a quick, thorough process with minimal risks for papercuts.
Face to Face
It's vital for you to sit down and meet with us, even though you are free to also use the helpful mortgage loan calculators on this website. That way, we will help you get your pre-qualification letter. Next, we can consider your mortgage options to make sure you have selected the right one. 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!