When to Speak to Your Mortgage Professional

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It is important to see a mortgage loan pro early, even if you haven't decided the sort of house you hope to find. What for? Perhaps it is difficult to understand the way we can help even before you start to talk about prices and negotiations.

We Can Help You Pre-Qualify

Our mortgage professionals can help you calculate how much of a loan you can qualify for and the mortgage payment amount you are able to afford by helping you pre-qualify. This process leads you through your finances - your debt, income, job, and cash available for down payment, among other things. It's short and basic; We keep the paperwork to a minimum.

Once you qualify, will present to you a Pre-Qualification Letter (your real estate agent might call it a "pre-qual"), that documents the fact that we are partnering with you to find the right mortgage to meet your situation and that we're confident you'll qualify for a mortgage loan up to a certain amount.

Pre-Qualification Power

Holding your pre-qualification letter, several advantages are yours once you locate the home you want to make an offer on. First, it helps you know how much you can offer. Being pre-qualified also will make your offer more attractive to the seller, as if you were bringing them a big box of cash! They will not have to worry that that they have been wasting their time if you can't have the ability to qualify for a big enough mortgage loan. The seller of the home won't wonder if he can 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 can help you pre-qualify

We can help you calculate how much of a mortgage loan you can afford, and the amount of money you will be able to borrow, by walking you through the pre-qualification process. We will achieve this by considering your debts and income, your employment and residence circumstances, the funds available for a down payment, required reserves, and some other things. We will ask for a minimum amount of paperwork, and avoid a lengthy process.

One on one

You can certainly use the calculators here on our website to calculate the size mortgage you will be able to afford - but it's also essential to meet with one of our mortgage professionals. For one thing, you'll want a Pre-Qualification Letter! Then, we will make sure we have the right mortgage loan program for your situation. Contact us at (401) 583-4150 to get started.

Have questions about pre-qualifying? Call us at (401) 583-4150. South County Mortgage answers pre-qualifying questions every day.

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