When to Talk to Your Mortgage Pro
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It's important to bring in your mortgage loan professional early — even before you have begun researching neighborhoods. What for? When you don't know yet how much home you want to qualify for, how can we help?
We can help you calculate how much of a mortgage loan you can afford, and the amount of money you can borrow, by walking you through pre-qualifying. The process outlines your current financial situation - your debts, income, job, and down payment money, among other things. We ask for a minimum amount of paperwork, with a short,basic process.
When you qualify, will give you what's called a Pre-Qualification Letter (your real estate agent might refer to it as a "pre-qual"), that states that we are working with you to find the right mortgage loan to fit your financial needs and that we are confident you will qualify for a mortgage up to a certain amount.
After you locate the house that is best for you, and you want to make an offer, being pre-qualified for a mortgage loan will do a number of things. The first is that you'll be sure the amount you'll be able to afford when calculating your offer.
Having pre-qualification will also make your offer more attractive to the seller, like you were bringing them a bag full of cash! They need not wonder if they have been wasting their time if you won't be able to have the ability to qualify for a big enough mortgage loan. The seller won't worry if he can count on you to qualify for your mortgage in the amount you will need.Your qualifying for the necessary mortgage loan amount will not be something for them to be concerned about. You have the capability to back your offer up.
We will help you pre-qualify
Our mortgage professionals can help you calculate how much of a loan you can qualify for and the mortgage payment amount you are able to afford by helping you pre-qualify. During the process, we calculate your ability to borrow - looking at your employment, available money for down payment, debts, income, and other circumstances. It's quick and basic; and we keep the paperwork light.
One on one
While you are encouraged to try 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. We can work toward your pre-qualification letter. Next, we can consider your mortgage loan options and be sure you are in the right one. Contact us at (615) 717-3185 or (615) 417-2129 to get your pre-qualification process started.
Have questions about pre-qualifying? Call us at (615) 717-3185 or (615) 417-2129. Allegiant Mortgage, LLC answers pre-qualifying questions every day.