Why Pre-Qualification is Important

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It can be valuable to see a mortgage loan pro first, even if you haven't decided the sort of house to search for. What for? Perhaps it is difficult to understand the ways we could help even before you begin to negotiate.

Pre-Qualify

We can help determine how much of a mortgage you can afford, and the amount of money you can borrow, by walking you through the pre-qualification process. During this process, we determine your borrowing potential - reviewing your employment, money available for down payment, debts, income, and other areas. It's short and to the point; We keep the paperwork light.

After you are considered eligible, we will prove our confidence in your ability to qualify for a mortgage by presenting you with a Pre-Qualification Letter (also called a "pre-qual").

Pre-Qualification Power

When you locate a house that is best for you, and you want to put together an offer, being pre-qualified for a mortgage will do a number of things. First, it helps you know how much you're able to offer. More important to the home seller, your pre-qualification is like your having walked into their front door with a suitcase full of money ready to make the deal! They need not be concerned that they have been wasting their time if you will not have the ability to qualify for a high enough mortgage loan. The seller won't wonder if he can count on you to qualify for your loan.Your qualifying for the necessary mortgage loan amount won't cause them concern. You'll have the sway of a buyer ready to make the purchase right now!

We help with your pre-qualification

We will help you determine the loan amount you can qualify for and the monthly mortgage payment amount you are able to afford by getting you pre-qualified. We can accomplish this by analyzing your income and debts, your employment and residence circumstances, your available funds for down payment, required reserves, and some other things. We will require a minimum amount of paperwork, and avoid a lengthy process.

One-on-One

It's vital for you to sit down and meet with us, even though you are free to also use the helpful mortgage calculators on our website. We can begin working on your pre-qualification letter. Next, we can consider your mortgage program options to make sure you are in the best 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!

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