Why Pre-Qualification is Important
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Even if you've not so much as researched houses to view yet, it is valuable to see your mortgage professional first. Why? When you don't yet know how much house you need to qualify for, how could we help?
We Can Help You Pre-Qualify
When we pre-qualify you, we help you determine how much of a monthly payment you can fit in your budget, and the loan amount you can qualify for. In the process, we calculate your borrowing capacity - analyzing your earning status, available money for down payment, debts, income, and other areas. It's quick and basic; We take pride in keeping the paperwork to a minimum.
When you qualify, we present to you a Pre-Qualification Letter (your real estate agent might call it a "pre-qual"), which states that we are helping you to find the best mortgage loan to fit your needs and that we're confident you will qualify for a mortgage up to a specific amount.
Power in the Pre-Qual
Armed with your pre-qualification letter, several advantages are yours at the point you locate the home you want to put together an offer for. First of all, you have some concrete numbers in mind, as the amount you will qualify for with your mortgage.
Even more important to the seller of the home, your pre-qualification gives them certainty - as if you'd arrived at their house with a bag of cash to make the offer! They need not wonder if 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 won't be able to count on you to qualify for your mortgage in the amount you will need.Your qualifying for your needed mortgage loan amount won't cause them concern. They have a virtual guarantee to trust your ability to back up your offer.
We help with your pre-qualification
We will help you find out the loan amount you can qualify for and the monthly mortgage payment amount you are able to afford by getting you pre-qualified. We can do this by analyzing your debts and income, your employment and residence circumstances, your funds available for down payment, required reserves, and other considerations. It's quick and to the point; and we keep the paperwork to a minimum.
Face to Face
While you are able to use our tools to calculate mortgage variables on our website, it will be essential to sit down and talk with one of our mortgage professional team members. That way, we will be able to help you get your pre-qualification letter. Then, we can make sure we have the ideal mortgage loan program for your situation. Let us help you get started: Contact us at 918-748-4470/877-748-4470.
Have questions about pre-qualifying? Call us at 918-748-4470/877-748-4470. 1st Security Home Mortgage Corp answers pre-qualifying questions every day.