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It can be helpful to see a mortgage professional early, even before you have determined the sort of home to search for. What for? What can we do for you before you have made an offer, and do not yet know how much you want to borrow?
We Can Help You Pre-Qualify
When we pre-qualify you, we help you determine the amount in monthly payments you can afford, and the loan amount you can qualify for. The process takes you through your current financial situation - your debt, income, job, and down payment money, among other things. It's a short, thorough process with minimal risks for papercuts.
When you are considered eligible, we will prove our confidence in your capacity to qualify for a mortgage loan by awarding you a Pre-Qualification Letter (also known as a "pre-qual").
Armed with your pre-qualification letter, several advantages fall at your feet when you find the home you want to put together an offer on. First of all, you have some concrete numbers in mind, as the amount you will qualify for with your loan.
More important to the current home owner, your being pre-qualified is like your having entered their house with a bag full of cash to purchase their home! They will not need to be concerned they're wasting their time if you don't be able to qualify for a big enough mortgage. The seller of the home won't be concerned that he can't trust you to qualify for your loan.Your qualifying for your needed mortgage loan amount won't be something for them to lose sleep over. They have a virtual guarantee that they can trust your buying power.
We can 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. The process outlines your finances - your debt, income, job, cash available for down payment, among other things. It's quick and to the point; and we take pride in keeping the paperwork light.
One on one
You can certainly use the mortgage calculators here on this website to calculate how much mortgage you can afford - but it's also valuable to talk with one of our mortgage professionals. We can walk you through your pre-qualification letter. Then, we'll make sure we have the best mortgage program for your situation. We're eager to hear from you: 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.