The Importance of Pre-Qualifying

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It is helpful to visit with a mortgage loan pro first, even before you have determined what type of house you hope to find. What for? If you do not yet know how much house you need to qualify for, how can we help?

Pre-Qualify

We can help you see how much of a mortgage loan you can afford, and how much money you can borrow, by walking you through the pre-qualification process. This process leads you through your finances - your debt, income, employment, and down payment money, among other things. It's quick and basic; We keep the paperwork to a minimum.

After you are considered eligible, we document our confidence in your capacity to qualify for a mortgage by giving you a Pre-Qualification Letter (also known as a "pre-qual").

Buying Power

Once you locate a house that catches your eye, and you decide to put together an offer, being pre-qualified for a mortgage loan will do several things. First, it lets you know how much you're able to offer. Having pre-qualification also will make your offer more attractive to the home seller, as if you were bringing them a suitcase of cash! They won't have to wonder if they are wasting their time if you won't be able to have the ability to qualify for a big enough mortgage loan. The seller of the home won't be concerned that he can't count on you to qualify for your loan.Your qualifying for your needed mortgage loan amount won't cause them concern. They have a virtual guarantee to trust your buying power.

We will help you with your pre-qualification

We can help you see how much of a mortgage you can afford, and how much money you can borrow, by taking you through the pre-qualification process. In the process, we look at your borrowing capacity - reviewing your employment, available money for down payment, existing debt, income, and other areas. It is a quick, thorough process with minimal risks for papercuts.

Face to Face

You can certainly use the mortgage calculators here on our website to get an idea of how much mortgage you can afford - but it's also essential to talk with us. We can walk you through your pre-qualification letter. For another thing, we could locate a different mortgage choice that better fits your needs. Let us get you started: Contact us at 2037296681.

Have questions about pre-qualifying? Call us at 2037296681. Amity Mortgage LLC answers pre-qualifying questions every day.