The Importance of Pre-Qualification
Are you looking for a new mortgage? We can help! Give us a call today at (808) 935-0678. Want to get started? Apply Here.
Even if you've not so much as narrowed down homes to view yet, it can be valuable to contact your mortgage pro early. What for? How can we help you if you haven't negotiated a purchase amount, and don't yet know the amount you need to borrow?
We Will Help You Pre-Qualify
When we pre-qualify you, we help you determine the amount in monthly payments you can afford, and how much we of a loan you will qualify for. This process outlines your finances - your debt, income, employment, and cash available for down payment, among other things. It's quick and basic; We keep the paperwork light.
When 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"), that says that we are helping you to find the ideal loan program to fit your needs and that we are confident you'll qualify for a mortgage for a certain amount.
A number of advantages open to you once you've found your new house, and have pre-qualification. The first is that you will know the amount you can afford when calculating your offer.
Even more important to the present owner, your pre-qualification gives them certainty - as if you had come to their home with a big box of cash to make the offer! They won't have to be concerned they're wasting their time if you don't 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 be something for them to be concerned about. They have a virtual guarantee that they can 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 how much we of a loan you can qualify for. We accomplish this by reviewing your debts and income, your work and housing situations, your funds available for a down payment, required reserves, and some other things. We will ask for a minimum amount of paperwork, and avoid a lengthy process.
Face to Face
You can certainly use the calculators available on this site to get an idea of how much mortgage you'll be able to afford - but it's also important to meet with us. For one thing, you will want a Pre-Qualification Letter! Then, we can make sure we have selected the ideal mortgage program for your situation. Let us help you get started: Contact us at (808) 935-0678.
Have questions about pre-qualifying? Call us at (808) 935-0678. We answer pre-qualification questions every day.