Why it's Important to Pre-Qualify
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It is helpful to consult with your mortgage professional early — even before you have started researching neighborhoods. Why? It might be hard to understand the ways we can help even before you begin to negotiate.
We will help determine how much of a mortgage loan you can afford, and the amount of money you can borrow, by walking you through pre-qualifying. This process takes you through your finances - your debts, income, career, and cash available for down payment, among other things. It's quick and to the point; We keep the paperwork to a minimum.
We will award you a Pre-Qualification Letter after you qualify, that states that we're confident you'll qualify for up to a predetermined amount of mortgage loan dollars.
Once you locate the house that meets your needs, and you want to put together 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 gives them confidence - as if you had arrived at their house with a big box of cash to make the offer! They will not have to worry that they're wasting their time if you will not be able to qualify for a big enough mortgage. The seller of the home won't worry if he can trust you to qualify for your mortgage in the amount you'll need.Your qualifying for the necessary mortgage loan amount will not be something for them to fret over. You have the ability to back your offer up.
We help with your pre-qualification
We will help you see how much of a mortgage you can afford, and how much money you may be able to borrow, by taking you through the pre-qualification process. In the process, we determine your borrowing potential - analyzing your earning status, available money for down payment, debts, income, and other circumstances. It is a quick, thorough process with minimal risks for papercuts.
Face to Face
You can certainly use the calculators on this site to get an idea of how much mortgage you will be able to afford - but it's also important to talk with one of our mortgage professionals. That way, we'll be able to help you get your pre-qualification letter. Then, we will make sure we have chosen the best mortgage program for you. We are eager to meet with you: call us at 702-524-1376.
Have questions about pre-qualifying? Call us at 702-524-1376. North American Financial answers pre-qualifying questions every day.
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