Why it's Important to Pre-Qualify
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Even if you haven't so much as narrowed down homes to view yet, it can be valuable to visit with your mortgage pro first. What for? When you do not yet know how much house you want to qualify for, how could we help?
We Can Help You Pre-Qualify
When we pre-qualify you, we help you decide how much of a monthly payment you can afford, and the size of loan you can qualify for. We can do this by considering your debts and income, your work and residence circumstances, your available funds for a down payment, required reserves, and some other things. It is a quick, thorough process with minimal risks for papercuts.
Once you are considered eligible, we prove our confidence in your ability to qualify for a mortgage by giving you a Pre-Qualification Letter (also called a "pre-qual").
Armed with your pre-qualification letter, several advantages are yours once you find the home you want to make an offer for. The first is that you will know what you will be able to afford when putting together your offer.
Having pre-qualification also will make your offer look even better to the seller, as if you were bringing them a bag full of cash! They will not have to worry that they have been wasting their time if you won't be able to have the ability to qualify for a high 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'll need.Your qualifying for the necessary mortgage loan amount won't 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
We can help you calculate the loan amount you can qualify for and the monthly mortgage payment amount you can afford by helping you pre-qualify. During this process, we calculate your borrowing power - looking at your earning status, money available for down payment, debts, income, and other circumstances. It's short and to the point; and we take pride in keeping the paperwork to a minimum.
Face to Face
While you are encouraged to benefit from our tools to calculate mortgage variables on this website, it is essential to meet with one of our mortgage professional team members. That way, we will help you get your pre-qualification letter. For another thing, we may be able to find a different mortgage choice that is a better fit for you. We're eager to meet with you: call 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.