Why Pre-Qualification is Important
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It's important to see a mortgage loan pro early, even if you haven't decided what sort of home to look for. What for? When you don't know yet how much home you need to qualify for, how can we help?
We will help you calculate the loan amount you can qualify for and the monthly payment amount you can afford by getting you pre-qualified. The process leads you through your finances - your debt, income, career, and down payment money, among other things. It's short and basic; We take pride in keeping the paperwork light.
When you are considered eligible, we prove our confidence in your ability to qualify for a mortgage by giving you a Pre-Qualification Letter (also called a "pre-qual").
After you locate a house that is ideal for you, and you want to put together an offer, being pre-qualified for a mortgage loan will do several things. First, you have some definite numbers in mind, as the total you can borrow.
Even more important to the seller, your pre-qualification gives them certainty - as if you'd come to their home with a big box of cash to make the offer! They will not need to be concerned that they are wasting their time if you will not have the ability to qualify for a high enough mortgage loan. The seller won't wonder if he can trust you to qualify for your mortgage in the amount you'll need.Your qualifying for your needed mortgage loan amount won't cause them concern. You have the ability to back your offer up.
We help with your pre-qualification
We can help you determine the loan amount you can qualify for and the monthly mortgage payment amount you are able to afford by helping you pre-qualify. In this process, we calculate your borrowing capacity - reviewing your employment, available money for down payment, debts, income, and other areas. We will require a minimum amount of paperwork, with a short, basic process.
One on one
You can certainly use the calculators on this 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. We can walk you through your pre-qualification letter. For another thing, we may locate a different mortgage loan option that better fits your needs. Let us help you get 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.
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