When to Speak to a Mortgage Pro About Pre-Qualifying
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Even if you have not so much as researched homes to visit yet, it's important to visit with your mortgage loan professional early. Why? How can we help you if you have not negotiated a price, and don't yet know how much you want to borrow?
We Can Help You Pre-Qualify
We will help you calculate how much of a mortgage you can afford, and the amount of money you may be able to borrow, by walking you through pre-qualifying. The process outlines your financial situation - your debt, income, employment, and down payment money, among other things. It's a short, thorough process with minimal risks for papercuts.
Once you qualify, we give you what's called a Pre-Qualification Letter (your real estate agent may call it a "pre-qual"), that says that we are working with you to find the best mortgage loan to meet your situation and that we're confident you will qualify for a mortgage loan for a certain amount.
Several advantages open to you once you find your next house, and have pre-qualification power. The first is that you'll know what you will be able to afford when putting together your offer. Of greater importance to the existing home owner, your being pre-qualified is like your having entered their front door with a suitcase full of money ready to make the deal! They won't need to wonder if they are 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 can't count on you to qualify for your mortgage in the amount you will need.Your qualifying for your needed loan amount won't be something for them to lose sleep over. You have the capability to back up your offer.
We will help you pre-qualify
Our mortgage professionals can help you find out the loan amount you can qualify for and the monthly payment amount you are able to afford by helping you pre-qualify. The process walks you through your financial situation - your debt, income, career, cash available for down payment, among other things. It is a short, thorough process with minimal risks for papercuts.
One on one
While you are able to use our tools to calculate mortgage variables on our website, it's essential to sit down and talk with one of our mortgage professional team members. That way, we will help you get your pre-qualification letter. Next, we can study your loan options and be sure you have selected the right one. Contact us at 352-369-4200 to get your pre-qualification process started.
Have questions about pre-qualifying? Call us at 352-369-4200. Abbey Mortgage answers pre-qualifying questions every day.