Why it's Important to Pre-Qualify
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It's important to see a mortgage professional early, even before you've determined what type of house you hope to find. Why? When you do not yet know how much house you want to qualify for, how could we help?
We Can Help You Pre-Qualify
We can help determine how much of a mortgage you can afford, and how much money you can borrow, by taking you through pre-qualifying. This process walks you through your current financial situation - your debt, income, job, and cash available for down payment, among other things. We will ask for a minimum amount of paperwork, with a short,basic process.
At the point you are considered eligible, we document our confidence in your potential to qualify for a loan by awarding you a Pre-Qualification Letter (also called a "pre-qual").
After you find the house that is right for you, and you want to make an offer, being pre-qualified for a mortgage loan will do a number of things. First, it helps you know the amount that you're able to offer.
Even more important to the seller, your pre-qualification status gives them confidence - as if you had come into their house with a suitcase of cash to back up the offer! They will not have to wonder if they're wasting their time if you can't have the ability to qualify for a big enough mortgage. The seller of the home won't be concerned that he won't be able to trust you to qualify for your mortgage in the amount you will need.Your qualifying for your needed loan amount will not 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 will help you calculate how much of a mortgage you can afford, and how much money you may be able to borrow, by walking you through pre-qualifying. The process outlines your finances - your debt, income, career, cash available for down payment, among other things. We as for a minimum amount of paperwork, with a quick process.
Face to Face
It's important for you to sit down and meet with us, even though you are welcome to also use the helpful mortgage loan calculator tools on our site. That way, we will help you get your pre-qualification letter. Next, we can study your mortgage choices and make sure you have selected the right one. Contact us at 703-288-0777 to get started.
Have questions about pre-qualifying? Call us at 703-288-0777. We answer pre-qualification questions every day.