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Even if you have not narrowed down homes to view yet, it can be important to see your mortgage loan professional first. Why? When you don't yet know how much house you want to qualify for, what could we do for you?
We Can Help You Pre-Qualify
We will help determine how much of a mortgage loan you can afford, and how much money you can borrow, by taking you through pre-qualifying. We will do this by analyzing your income and debts, your work and residence situations, the funds available for down payment, required reserves, and other considerations. It's quick and to the point; We keep the paperwork to a minimum.
After you are considered eligible, we will prove our confidence in your potential to qualify for a mortgage by presenting you with a Pre-Qualification Letter (also known as a "pre-qual").
Power in the Pre-Qual
A number of benefits open to you after you have found your dream house, and have pre-qualification power. The first is that you will be sure the amount you will be able to afford when determining the offer.
Of greater importance to the home seller, your being pre-qualified is like your having walked into their house with a bag full of cash ready to make the deal! They won't need to wonder if that they are wasting their time if you won't be able to be able to qualify for a big enough mortgage loan. The seller of the home won't be concerned that he can't count on you to qualify for your loan.Your qualifying for your needed loan amount won't cause them concern. You can have the sway of a buyer ready to make the purchase on the spot!
We help with your pre-qualification
When we pre-qualify you, we help you decide the amount you can afford in monthly payments you can afford, and how much we of a loan you can qualify for. During the process, we calculate your ability to borrow - looking at your earning status, available money for down payment, debts, income, and other circumstances. We will ask for a minimum amount of paperwork, with a quick process.
One on one
While you are encouraged to benefit from our tools to calculate mortgage variables on our website, it's a good idea to sit down and talk with one of our mortgage professional team members. That way, we will help you get your pre-qualification letter. For another thing, we could be able to find a different mortgage loan option that better fits your needs. Let us help you get started: Contact us at (573) 302-9990.
Have questions about pre-qualifying? Call us at (573) 302-9990. Mortgage Headquarters of Missouri, Inc answers pre-qualifying questions every day.