Why it's Important to Pre-Qualify
Are you looking for a new mortgage loan? We'll be glad to discuss your mortgage needs! Give us a call today at (405) 822-1957. Want to get started? Apply Now.
Even if you haven't so much as narrowed down homes to view yet, it's valuable to visit with your mortgage professional early. What for? How can we help if you haven't made an offer, and don't know yet how much you need to borrow?
We Can Help You Pre-Qualify
We will help you calculate how much of a loan you can qualify for and the monthly payment amount you can afford by getting you pre-qualified. The process outlines your current financial situation - your debt, income, career, and cash available for down payment, among other things. We require a minimum amount of paperwork, and avoid a lengthy process.
At the point you are considered eligible, we document our confidence in your capacity to qualify for a loan by giving you a Pre-Qualification Letter (also known as a "pre-qual").
With your pre-qualification letter, some advantages are yours at the point you locate the house you want to make an offer on. First, it lets you know how much you're able to offer.
Even more important to the seller of the home, your pre-qualification gives them confidence - as if you'd entered their house with a big box of cash to make the offer! They will not have to worry that 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 loan.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 on the spot!
We help with your pre-qualification
Our mortgage professionals can help you determine how much of a loan you can qualify for and the monthly payment amount you are able to afford by helping you pre-qualify. In the process, we explore your ability to borrow - looking at your job, available money for down payment, debt, income, and other areas. It's short and basic; and we take pride in keeping the paperwork light.
One on one
It is vital to sit down and meet with us, even though you are free to also utilize the helpful mortgage calculator tools on our site. For one thing, you'll need a Pre-Qualification Letter! Next, we can study your mortgage options to make sure you have found the best one. Let us help you get started: Call us at (405) 822-1957.
Have questions about pre-qualifying? Call us at (405) 822-1957. We answer pre-qualification questions every day.