When to Talk to Your Mortgage Pro
Shopping for a mortgage? We will be glad to help! Call us at (405) 822-1957. Ready to get started? Apply Now.
Even if you haven't so much as researched homes to visit yet, it is important to contact your mortgage pro first. Why? What can we do for you before you have negotiated an amount, and do not know yet the amount you want to borrow?
Our mortgage professionals will help you find out how much of a loan 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 ability to borrow - looking at your employment, available money for down payment, existing debt, income, and other areas. It is a short, thorough process with minimal risks for papercuts.
When you qualify, we give you a Pre-Qualification Letter (your real estate agent may refer to it as a "pre-qual"), which states that we are working with you to find the best loan to fit your financial needs and that we're confident you will qualify for a mortgage for a specific amount.
With your pre-qualification letter, some advantages fall at your feet once you find the house you want to put together an offer for. The first is that you'll know what you can afford when determining the offer.
Even more important to the present owner, your pre-qualification letter gives them certainty - as if you had come to their home with a big box of cash to back up the offer! They won't have to wonder if they have been wasting their time if you do not have the ability to qualify for a high enough mortgage. The seller of the home won't be concerned that he won't be able to count on you to qualify for your loan.Your qualifying for your needed mortgage loan amount won't be something for them to be concerned about. You will have the clout of a buyer ready to make the purchase on the spot!
We can help you pre-qualify
When we pre-qualify you, we help you decide how much of a monthly payment you can fit in your budget, and the loan amount you can qualify for. In the process, we explore your borrowing capacity - looking at your job, available money for down payment, debts, income, and other areas. We as for a minimum amount of paperwork, with a short, basic process.
While you can use our tools to calculate mortgage variables on this site, it's a good idea to meet with us. For one thing, you'll need a Pre-Qualification Letter! Then, we'll make sure we have the best mortgage program for you. Let us help you get started: Call us at (405) 822-1957.
Have questions about pre-qualifying? Call us at (405) 822-1957. It's our job to answer pre-qualification questions, so we're happy to help!