Why Pre-Qualification is Important
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It's helpful to consult with your mortgage professional as soon as possible — even before you have begun narrowing down neighborhoods. What for? Maybe it is hard to fathom the way we could help even before you begin to negotiate.
We Can Help You Pre-Qualify
Our mortgage professionals can help you find out the loan amount you can qualify for and the mortgage payment amount you are able to afford by getting you pre-qualified. In the process, we look at your capacity to borrow - looking at your job, available money for down payment, existing debt, income, and other areas. It's short and basic; We take pride in keeping the paperwork light.
At the point you are considered eligible, we will prove our confidence in your ability to qualify for a mortgage loan by presenting you with a Pre-Qualification Letter (also called a "pre-qual").
Power in the Pre-Qual
After you locate a house that is right for you, and you decide to put together an offer, being pre-qualified for a mortgage loan will do a couple of things. First, you have some general numbers in mind, as the amount you will be able to borrow.
Even more important to the seller of the house, your pre-qualification gives them certainty - as if you had come to their house with a big box of cash to back up the offer! They won't need to wonder if that they're wasting their time if you can't be able to qualify for a high enough mortgage loan. The seller of the home won't worry if he can trust you to qualify for your mortgage in the amount you'll need.Your qualifying for your needed loan amount won't cause them concern. You'll have the influence of a buyer ready to make the purchase right now!
We help with your pre-qualification
We can help you find out the loan amount you can qualify for and the monthly mortgage payment amount you are able to afford by helping you pre-qualify. The process takes you through your finances - your debt, income, career, cash available for down payment, among other things. It is a short, thorough process with minimal risks for papercuts.
Face to Face
It is vital to sit down and meet with us, even though you are welcome to also use the helpful mortgage loan calculator tools on this website. For one thing, you will want a Pre-Qualification Letter! Next, we can review your mortgage choices to be sure you have found the best one. Contact us at (203) 526-9345 to get your pre-qualification process started.
Have questions about pre-qualifying? Call us at (203) 526-9345. Community Trust Lending Team at Norcom Mortgage-NMLS ID#71655 answers pre-qualifying questions every day.