Why it's Important to Pre-Qualify
In the market for a mortgage loan? We'd be thrilled to discuss our mortgage offerings! Give us a call today at (973) 601-2122. Ready to begin? Apply Here.
It's helpful to consult your mortgage professional as soon as possible — even before you have started researching neighborhoods. Why? How can we help before you have made your offer, and do not yet know how much you need to borrow?
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. We do this by analyzing your income and debts, your employment and residence circumstances, your funds available for a down payment, required reserves, and some other things. It's quick and to the point; We keep the paperwork light.
We give you a Pre-Qualification Letter when you qualify, which states that we're confident you'll qualify for up to a predetermined amount of mortgage dollars.
Holding your pre-qualification letter, several advantages fall at your feet when you locate the house you want to make an offer for. First, it helps you know how much you are able to offer.
Even more important to the seller, your pre-qualification status gives them confidence - as if you'd arrived at their house with a big box of cash to back up the offer! They will not need to wonder if that they are wasting their time if you do not be able to qualify for a high enough mortgage. The seller of the home won't worry if he can count on you to qualify for your loan.Your qualifying for your needed mortgage loan amount will not cause them concern. You will have the influence of a buyer ready to make the deal right now!
We will help you pre-qualify
When we pre-qualify you, we help you decide the amount you can afford in monthly payments you can fit in your budget, and how much we of a loan you can qualify for. In this process, we look at your ability to borrow - looking at your job, available money for down payment, debt, income, and other circumstances. We will require a minimum amount of paperwork, and avoid a lengthy process.
While you can benefit from our mortgage calculators on this website, it's a good idea to meet with one of our mortgage professional team members. For one thing, you'll want a Pre-Qualification Letter! For another thing, we may find a different mortgage choice that better fits your needs. Let us get you started: Call us at (973) 601-2122.
Have questions about pre-qualifying? Call us at (973) 601-2122. It's our job to answer pre-qualification questions, so we're happy to help!