When to Speak to Your Mortgage Professional About Pre-Qualification

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Even if you haven't narrowed down homes to view yet, it's important to visit with your mortgage loan professional early. Why? It might be hard to understand the way we could help even before you start to calculate your offer.

Pre-Qualify

We can help you find out the loan amount you can qualify for and the mortgage payment amount you are able to afford by helping you pre-qualify. In this process, we explore your capacity to borrow - analyzing your earning status, money available for down payment, debt, income, and other areas. It's short and basic; We take pride in keeping the paperwork light.

Once you qualify, we give you a Pre-Qualification Letter (your real estate agent may call it a "pre-qual"), which documents the fact that we are helping you to find the right loan program to fit your situation and that we are confident you'll qualify for a mortgage loan up to a specific amount.

Power in the Pre-Qual

After you find a house that catches your eye, and you decide to put together an offer, being pre-qualified for a loan will do several things. First of all, you have some concrete numbers in mind, as the total you will be able to borrow. Even more important to the seller of the house, your pre-qualification letter gives them confidence - as if you'd come to their home with a bag of cash to make the offer! They will not need to worry that they're wasting their time if you will not have the ability to qualify for a high enough mortgage. The seller of the home won't be concerned that he won't be able to trust you to qualify for your loan.Your qualifying for the necessary loan amount won't be something for them to lose sleep over. They have a virtual guarantee to trust your buying power.

We help with your pre-qualification

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 the pre-qualification process. This process outlines your financial situation - your debt, income, job, down payment money, among other things. It's a short, thorough process with minimal risks for papercuts.

One-on-One

While you are encouraged to use our mortgage calculators on our site, it will be essential to meet with one of our mortgage professional team members. For one thing, you will need a Pre-Qualification Letter! For another thing, we may locate a different mortgage option that fits your situation better. Let us get you started: Contact us at .

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