Why Pre-Qualification is Important
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Even if you have not so much as researched homes to view yet, it is valuable to contact your mortgage professional first. Why? It may be hard to fathom the ways in which we could help even before you begin to calculate your offer.
We will help determine how much of a mortgage loan you can afford, and the amount of money you can borrow, by walking you through the pre-qualification process. The process takes you through your financial situation - your debt, income, employment, and cash available for down payment, among other things. It is a quick, thorough process with minimal risks for papercuts.
We award you a Pre-Qualification Letter if you qualify, that documents that we're confident you'll qualify for up to a certain amount of mortgage loan dollars.
A number of advantages open to you once you find your dream house, and have pre-qualification power. The first is that you will know what you'll be able to afford when putting together the offer.
Even more important to the seller of the home, your pre-qualification status gives them certainty - as if you had arrived at their home with a big box of cash to back up the offer! They need not be concerned they're wasting their time if you don't be able to qualify for a big enough mortgage loan. The seller of the home won't be concerned that he won't be able to count on you to qualify for your mortgage in the amount you will need.Your qualifying for your needed loan amount will not cause them concern. You can have the influence of a buyer ready to make the purchase on the spot!
We can help you pre-qualify
We can help you calculate the loan amount you can qualify for and the monthly payment amount you are able to afford by getting you pre-qualified. This process outlines your current financial situation - your debts, income, job, cash available for down payment, among other things. It's short and basic; and we keep the paperwork light.
While you are encouraged to use our tools to calculate mortgage variables on this website, it's essential to meet with us. That way, we'll be able to help you get your pre-qualification letter. Next, we can review your loan options to make sure you are in the right one. Let us get you started: Call us at (513) 713-1515.
Have questions about pre-qualifying? Call us at (513) 713-1515. Peerless Residential Mortgage answers pre-qualifying questions every day.