The Importance of Pre-Qualifying
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Even if you haven't picked out houses to visit yet, it's advantageous to visit with your mortgage loan professional early. Why? If you don't know yet how much house you want to qualify for, how could we help?
We Will Help You Pre-Qualify
We can help you determine the loan amount you can qualify for and the mortgage payment amount you are able to afford by getting you pre-qualified. The process takes you through your current financial situation - your debt, income, job, and cash available for down payment, among other things. We will require a minimum amount of paperwork, with a short,basic process.
We'll give you a Pre-Qualification Letter after you qualify, that states that we are confident you will qualify for up to a specific amount of mortgage dollars.
Power in the Pre-Qual
Several advantages open to you once you've found your dream house, and have achieved pre-qualification. First, it lets you know the amount that you're able to offer. Even more important to the seller of the home, your pre-qualification gives them confidence - as if you'd come into their home with a bag of cash to make the offer! They will not need to worry that that they're wasting their time if you won't be able to be able to qualify for a big enough mortgage loan. The seller won't be concerned that he can't count on you to qualify for your mortgage in the amount you'll need.Your qualifying for the necessary mortgage loan amount will not be something for them to be concerned about. You have the clout of a buyer ready to make the purchase on the spot!
We will help you pre-qualify
We will help determine how much of a mortgage loan you can afford, and the amount of money you will be able to borrow, by walking you through pre-qualifying. During this process, we explore your capacity to borrow - analyzing your earning status, money available for down payment, debts, income, and other circumstances. It is a quick, thorough process with minimal risks for papercuts.
One on one
You can always use the mortgage calculators on this website to calculate how much mortgage you will be able to afford - but it's also important to meet with one of our mortgage professionals. We can walk you through your pre-qualification letter. For another thing, we may locate a different mortgage choice that fits your situation better. Let us get you started: Call us at (512) 292-3494.
Have questions about pre-qualifying? Call us at (512) 292-3494. Cosatal Financial Group answers pre-qualifying questions every day.