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It is valuable to consult your mortgage professional as soon as possible — even before you've started to consider neighborhoods. Why? If you do not know yet how much house you want to qualify for, what can we do for you?
We can help you find out how much of a loan you can qualify for and the mortgage payment amount you are able to afford by helping you pre-qualify. During this process, we look at your ability to borrow - looking at your employment, money available for down payment, debt, income, and other circumstances. We will ask for a minimum amount of paperwork, and avoid a lengthy process.
At the point you are considered eligible, we will prove our confidence in your capacity to qualify for a mortgage loan by presenting you with a Pre-Qualification Letter (also called a "pre-qual").
Once you find the house that is ideal for you, and you decide to make an offer, being pre-qualified for a mortgage loan will do a couple of things. First, it lets you know how much you are able to offer.
Even more important to the seller of the house, your pre-qualification status gives them confidence - as if you'd arrived at their house with a suitcase of cash to back up the offer! They won't have to worry that they're wasting their time if you don't be able to qualify for a high enough mortgage. The seller 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 mortgage loan amount won't cause them concern. You have the clout of a buyer ready to make the deal on the spot!
We help with your pre-qualification
We can help you determine how much of a loan you can qualify for and the mortgage payment amount you are able to afford by helping you pre-qualify. We achieve this by considering your income and debts, your employment and housing circumstances, the available funds for a down payment, required reserves, and other financial considerations. It's short and to the point; and we take pride in keeping the paperwork to a minimum.
You can always use the mortgage calculators on our website to calculate the size mortgage you'll be able to afford - but it's also important to meet with one of our mortgage professionals. For one thing, you'll need a Pre-Qualification Letter! Next, we can review your loan choices to make sure you are in the right one. Contact us at (904) 342-3622 to get your pre-qualification process started.
Have questions about pre-qualifying? Call us at (904) 342-3622. Bright Vision Mortgage answers pre-qualifying questions every day.