Shopping for a mortgage loan? We'd be thrilled to answer your questions about our mortgage offerings! Give us a call at (808) 935-0678. Want to get started? Apply Here.
It's valuable to consult your mortgage loan professional early — even before you have begun researching neighborhoods. Why? How can we help you before you have made your offer, and do not yet know the amount you need to borrow?
We Can Help You Pre-Qualify
When we pre-qualify you, we help you figure out how much of a monthly mortgage payment you can fit in your budget, and how much we of a loan you will qualify for. During this process, we explore your borrowing potential - analyzing your employment, available money for down payment, debt, income, and other areas. We require a minimum amount of paperwork, with a short,basic process.
Once you qualify, we present to you what's called a Pre-Qualification Letter (your real estate agent may refer to it as a "pre-qual"), which says that we are partnering with you to find the best mortgage loan to meet your financial needs and that we're confident you will qualify for a mortgage for up to a certain amount.
Several beneifits open to you after you've found your next house, and have achieved pre-qualification. The first is that you will be sure the amount you can afford when calculating your offer.
Of greater importance to the existing home owner, your being pre-qualified is like your having walked into their front door with a suitcase full of cash to make the deal! They will not need to be concerned that they're wasting their time if you do not have the ability 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 mortgage in the amount you will need.Your qualifying for the necessary mortgage loan amount will not cause them concern. You can have the clout of a buyer ready to make the purchase right now!
We will help you with your pre-qualification
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. During the process, we determine your borrowing capacity - looking at your job, money available for down payment, debt, income, and other circumstances. It is a short, thorough process with minimal risks for papercuts.
Face to Face
You can always use the calculators here on our website to get an idea of how much mortgage you can afford - but it's also valuable to talk with one of our mortgage professionals. That way, we'll help you get your pre-qualification letter. For another thing, we may locate a different mortgage program that better fits your needs. Let us get you started: Contact us at (808) 935-0678.
Have questions about pre-qualifying? Call us at (808) 935-0678. Family Mortgage Company of Hawaii, Inc. NMLS #244497 answers pre-qualifying questions every day.