Why Pre-Qualification is Important
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Even if you haven't so much as narrowed down houses to view yet, it's advantageous to visit with your mortgage pro first. What for? What can we do for you before you have made your offer, and don't yet know the amount you want to borrow?
We Will Help You Pre-Qualify
Our mortgage professionals can help you determine the loan amount you can qualify for and the monthly payment amount you can afford by helping you pre-qualify. During the process, we calculate your borrowing potential - analyzing your earning status, money available for down payment, debt, income, and other areas. We require a minimum amount of paperwork, with a quick process.
When you qualify, will give you a Pre-Qualification Letter (your real estate agent may call it a "pre-qual"), which states that we are helping you to find the ideal mortgage to fit your needs and that we are confident you'll qualify for a loan for up to a specific amount.
Power in the Pre-Qual
When you find the house that meets your needs, and you want to make an offer, being pre-qualified for a mortgage loan will do several things. First, it lets you know how much you're able to offer.
Being pre-qualified will also make your offer look even better to the home seller, as if you were bringing them a suitcase of cash! They need not worry that that they have been wasting their time if you do not 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 trust you to qualify for your mortgage in the amount you'll need.Your qualifying for your needed mortgage loan amount will not cause them concern. You have the clout of a buyer ready to make the purchase right now!
We can help you pre-qualify
When we pre-qualify you, we help you decide the amount you can afford in monthly payments you can fit in your budget, and the loan amount you will qualify for. We accomplish this by considering your income and debts, your employment and residence situations, your available funds for down payment, required reserves, and other financial considerations. We will require a minimum amount of paperwork, with a short, basic process.
Face to Face
You can always use the calculators on this website to calculate the size mortgage you will be able to afford - but it's also essential to talk with us. That way, we will be able to help you get your pre-qualification letter. Next, we can study your mortgage program options to be sure you are in the right one. Let us help you get started: Call us at (904) 342-3622.
Have questions about pre-qualifying? Call us at (904) 342-3622. Bright Vision Mortgage answers pre-qualifying questions every day.