Why it's Important to Pre-Qualify

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It is valuable to consult with your mortgage loan professional as soon as possible — even before you've started to consider neighborhoods. Why? Maybe it's hard to understand the way we could help even before you begin to negotiate.

We Will Help You Pre-Qualify

We will help you calculate 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 the process, we calculate your capacity to borrow - looking at your employment, available money for down payment, debt, income, and other areas. It's a short, thorough process with minimal risks for papercuts.

Once you qualify, will present to you what's called a Pre-Qualification Letter (your real estate agent might refer to it as a "pre-qual"), that documents the fact that we are helping you to find the ideal mortgage to fit your situation and that we are confident you'll qualify for a mortgage loan up to a certain amount.

Power in the Pre-Qual

A number of advantages open to you after you find your new house, and have pre-qualification power. First, it helps you know how much you are able to offer. Of greater importance to the current home owner, your being pre-qualified is like your having entered their front door with a suitcase full of cash to purchase the house! They won't need to worry that they're wasting their time if you won't be able to be able to qualify for a high enough mortgage. The seller of the home won't wonder if he can trust you to qualify for your loan.Your qualifying for the necessary loan amount won't be something for them to fret over. They have a virtual guarantee to trust your ability to back up your offer.

We will help you pre-qualify

When we pre-qualify you, we help you decide how much of a monthly payment you can afford, and the loan amount you can qualify for. We will achieve this by reviewing your debts and income, your employment and residence situations, the funds available for down payment, required reserves, and other financial considerations. We will require a minimum amount of paperwork, with a short, basic process.

One-on-One

You can certainly use the calculators on our site to get an idea of how much mortgage you'll be able to afford - but it's also valuable to talk with us. That way, we'll be able to help you get your pre-qualification letter. For another thing, we could locate a different mortgage choice that is a better fit for you. Let us get you started: Contact us at 9043423622.

Have questions about pre-qualifying? Call us at 9043423622. Bright Vision Mortgage answers pre-qualifying questions every day.