The Importance of Pre-Qualification
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It's important to consult your mortgage professional as soon as possible — even before you've started to research neighborhoods. What for? How can we help before you have negotiated an amount, and do not yet know the amount you want to borrow?
We Will Help You Pre-Qualify
We will help you see how much of a mortgage loan you can afford, and the amount of money you can borrow, by taking you through pre-qualifying. We achieve this by reviewing your debts and income, your work and housing situations, your available funds for a down payment, required reserves, and some other things. It's quick and basic; We keep the paperwork to a minimum.
When you qualify, will present to you a Pre-Qualification Letter (your real estate agent might refer to it as a "pre-qual"), which states that we are partnering with you to find the ideal mortgage to fit your financial needs and that we are confident you will qualify for a mortgage loan for up to a specific amount.
Several advantages open to you when you've found your dream house, and have pre-qualification. First, it helps you know how much you can offer.
Of greater importance to the home seller, your pre-qualification is like your having walked into their house with a suitcase full of cash to make the deal! They will not have to be concerned that they're wasting their time if you will not have the ability to qualify for a high enough mortgage. The seller of the home won't be concerned that he won't be able to count on you to qualify for your loan.Your qualifying for the necessary mortgage loan amount won't cause them concern. They have a virtual guarantee that they can trust your ability to back up your offer.
We can help you pre-qualify
We can help you determine how much of a loan you can qualify for and the monthly payment amount you are able to afford by getting you pre-qualified. We achieve this by analyzing your income and debts, your work and residence situations, the funds available for down payment, required reserves, and some other things. It's quick and to the point; and we take pride in keeping the paperwork to a minimum.
One on one
It's important for you to sit down and meet with us, even though you are free to also utilize the helpful mortgage calculator tools on our site. That way, we will help you get your pre-qualification letter. Then, we can make sure we have chosen the right mortgage program for your situation. Contact us at (732) 969-9300 to get started.
Have questions about pre-qualifying? Call us at (732) 969-9300. We answer pre-qualification questions every day.