The Importance of Pre-Qualification
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It's important to consult your mortgage loan professional as soon as possible — even before you have begun narrowing down neighborhoods. Why? How can we help you if you haven't made your offer, and don't yet know the amount you need to borrow?
We Can Help You Pre-Qualify
When we pre-qualify you, we help you find out how much of a monthly payment you can fit in your budget, and how much we of a loan you will qualify for. During this process, we determine your capacity to borrow - looking at your job, money available for down payment, existing debt, income, and other areas. It's quick and basic; We take pride in keeping the paperwork to a minimum.
We'll award you a Pre-Qualification Letter if you qualify, which documents that we are confident you'll qualify for a specific amount of mortgage dollars.
When you locate the house that is right for you, and you decide to make an offer, being pre-qualified for a mortgage loan will do several things. First of all, you have some general numbers in mind, as the total you will qualify for on your loan.
Having pre-qualification also will make your offer more attractive to the home seller, as if you were bringing them a suitcase of cash! They need not wonder if they're wasting their time if you do not be able to qualify for a big enough mortgage. The seller won't wonder if he can count on you to qualify for your mortgage in the amount you'll need.Your qualifying for the necessary loan amount won't be something for them to be concerned about. You have the ability to back your offer up.
We will help you pre-qualify
We can help determine how much of a mortgage loan you can afford, and how much money you can borrow, by taking you through the pre-qualification process. During the process, we determine your ability to borrow - looking at your job, money available for down payment, debt, income, and other areas. We will require a minimum amount of paperwork, with a quick process.
One on one
You can certainly use the calculators here on our site to calculate 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. For another thing, we may find a different mortgage loan option that fits your goals better. Let us get you started: 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.