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It is important to consult your mortgage professional early — even before you've begun narrowing down neighborhoods. What for? What can we do for you if you have not made your offer, and do not know yet how much you need to borrow?
We will help you see how much of a mortgage you can afford, and the amount of money you can borrow, by taking you through the pre-qualification process. In this process, we determine your capacity to borrow - looking at your job, money available for down payment, debt, income, and other circumstances. We ask for a minimum amount of paperwork, and avoid a lengthy process.
Once you are considered eligible, we will prove our confidence in your capacity to qualify for a mortgage loan by presenting you with a Pre-Qualification Letter (also called a "pre-qual").
Holding your pre-qualification letter, some advantages are yours once you locate the house you want to make an offer for. First, it helps you know how much you're able to offer.
Having pre-qualification also will make your offer more attractive to the home seller, as if you were bringing them a big box of cash! They need not wonder if they are wasting their time if you can't have the ability to qualify for a high enough mortgage loan. The seller of the home won't worry if he can trust you to qualify for your mortgage in the amount you will need.Your qualifying for your needed loan amount will not cause them concern. They have a virtual guarantee that they can trust your buying power.
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. In this process, we calculate your ability to borrow - reviewing your earning status, available money for down payment, debt, income, and other areas. It's a short, thorough process with minimal risks for papercuts.
It's important for you to sit down and meet with us, even though you are free to also try the helpful mortgage calculators on this site. That way, we'll be able to help you get your pre-qualification letter. Next, we can consider your mortgage loan choices to be sure you have found the right one. We are waiting to hear from you: contact us at 218-237-5128.
Have questions about pre-qualifying? Call us at 218-237-5128. It's our job to answer pre-qualification questions, so we're happy to help!