The Importance of Pre-Qualifying

	Are you looking for a mortgage? We can assist you! Call us at 7205988300. Ready to get started? Apply Now.

It can be important to visit with a mortgage loan pro first, even before you have determined what sort of home to look for. Why? What can we do for you if you have not negotiated a purchase amount, and don't yet know the amount you want to borrow?

We Will Help You Pre-Qualify

Our mortgage professionals will help you calculate the loan amount you can qualify for and the mortgage payment amount you can afford by getting you pre-qualified. This process outlines your finances - your debt, income, employment, and cash available for down payment, among other things. We will require a minimum amount of paperwork, and avoid a lengthy process.

Once you qualify, we give you a Pre-Qualification Letter (your real estate agent may refer to it as a "pre-qual"), that states that we are partnering with you to find the best loan to fit your situation and that we're confident you'll qualify for a mortgage for a certain amount.

Power in the Pre-Qual

When you find the house that catches your eye, and you decide to put together an offer, being pre-qualified for a mortgage loan will do a couple of things. First of all, you have some general numbers in mind, as the amount you will qualify for with your loan. Even more important to the seller of the house, your pre-qualification letter gives them certainty - as if you'd come to their house with a big box of cash to make the offer! They won't need to wonder if they have been wasting their time if you don't have the ability to qualify for a high enough mortgage. The seller of the home won't be concerned that he can't count on you to qualify for your loan.Your qualifying for the necessary loan amount won't cause them concern. They have a virtual guarantee to trust your buying power.

We help with your pre-qualification

We will help determine how much of a mortgage loan you can afford, and the amount of money you can borrow, by taking you through the pre-qualification process. We accomplish this by considering your income and debts, your work and residence situations, the funds available for a down payment, required reserves, and other considerations. We will require a minimum amount of paperwork, with a quick process.

One on one

You can always use the calculators on our website to calculate how much mortgage you will be able to afford - but it's also valuable to meet with one of our mortgage professionals. We can walk you through your pre-qualification letter. For another thing, we may locate a different mortgage loan option that fits your goals better. Contact us at 7205988300 to get started.

Have questions about pre-qualifying? Call us at 7205988300. Foxfield Financial answers pre-qualifying questions every day.