Talking to a mortgage professional before your home search begins is an important first step in the home buying process.
This initial step not only helps to educate you on the price ranges of homes and loan programs that best fit your specific needs, but can save you valuable time while looking for your future home.
Simply put, pre-qualifying for a loan allows us to help you determine how much of a monthly mortgage payment you can afford. We do this by discussing your current and future goals.
Your income, debts, employment, credit, and savings (if any) are some things that we will talk about to help you discover which loan option is best for you.
Once this short process is completed, we will then issue a letter of prequalification. This lets the seller know that based on the information you provided, you are qualified for a loan for up to a certain amount. Once you have made an offer, this letter can also serve to provide the seller with confidence knowing that you have taken the steps necessary to secure financing, which will in turn, help to expedite the closing process.
While our mortgage calculator can be a helpful tool in determining how much mortgage you can afford, we welcome the opportunity speak with you to discuss the loan options that best fit your individual needs.