Why Pre-Qualification is Important

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Even if you have not so much as narrowed down homes to visit yet, it's valuable to visit with your mortgage professional early. What for? How can we help before you have negotiated a price, and don't know yet the amount you need to borrow?

Pre-Qualify

We can help you calculate how much of a mortgage loan you can afford, and how much money you may be able to borrow, by walking you through pre-qualifying. We do this by analyzing your income and debts, your employment and residence circumstances, the funds available for a down payment, required reserves, and other considerations. We will ask for a minimum amount of paperwork, and avoid a lengthy process.

We award you a Pre-Qualification Letter when you qualify, which states that we're confident you'll qualify for a certain amount of mortgage dollars.

Buying Power

Several advantages open to you after you have found your new house, and have pre-qualification power. The first is that you can be sure the amount you'll be able to afford when calculating your offer. Of greater importance to the existing home owner, your being pre-qualified is like your having entered their house with a suitcase full of cash ready to purchase their house! They need not worry that they have been wasting their time if you don't be able to qualify for a big enough mortgage loan. The seller won't be concerned that he won't be able to count on you to qualify for your loan.Your qualifying for the necessary mortgage loan amount will not cause them concern. You can have the influence of a buyer ready to make the deal on the spot!

We will help you with your pre-qualification

We can help you find out the loan amount you can qualify for and the monthly payment amount you can afford by getting you pre-qualified. We will achieve this by considering your income and debts, your employment and residence situations, the available funds for down payment, required reserves, and other financial considerations. It's quick and basic; and we take pride in keeping the paperwork light.

One-on-One

It is important to sit down and talk with us, even though you are free to also utilize the helpful mortgage calculator tools on our site. That way, we will be able to help you get your pre-qualification letter. For another thing, we could find a different mortgage choice that fits your needs better. We're waiting to meet with you: call us at 2815651246.

Have questions about pre-qualifying? Call us at 2815651246. First Capital Mortgage answers pre-qualifying questions every day.