Why it's Important to Pre-Qualify
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It is important to consult your mortgage professional early — even before you've started to consider neighborhoods. Why? Perhaps it is difficult to fathom the ways in which we could help even before you begin to calculate your offer.
We Can Help You Pre-Qualify
When we pre-qualify you, we help you figure out the amount in mortgage payments you can afford, and the size of loan you can qualify for. We can accomplish this by reviewing your income and debts, your work and housing circumstances, your available funds for down payment, required reserves, and other considerations. We will require a minimum amount of paperwork, with a short,basic process.
Once you qualify, will present to you a Pre-Qualification Letter (your real estate agent may call it a "pre-qual"), which states that we are partnering with you to find the right mortgage loan to meet your situation and that we're confident you will qualify for a loan for up to a certain amount.
Power in the Pre-Qual
Several advantages open to you once you have found your next house, and have achieved pre-qualification power. First, you have some general numbers in mind, as the total you will qualify for with your loan.
Even more important to the seller, your pre-qualification status gives them certainty - as if you had entered their home with a suitcase of cash to back up the offer! They need not worry that that they're wasting their time if you won't be able to be able to qualify for a high enough mortgage loan. 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. You can have the influence of a buyer ready to make the purchase right now!
We will help you with your pre-qualification
We can help you calculate how much of a mortgage you can afford, and the amount of money you can borrow, by taking you through the pre-qualification process. In this process, we calculate your ability to borrow - analyzing your job, money available for down payment, debt, income, and other areas. It's quick and to the point; and we take pride in keeping the paperwork to a minimum.
You can certainly use the mortgage calculators here on this website to get an idea of how much mortgage you can afford - but it's also essential to talk with us. That way, we will help you get your pre-qualification letter. Then, we'll make sure we have selected the ideal mortgage loan program for your situation. Contact us at (302) 765-8089 to get started.
Have questions about pre-qualifying? Call us at (302) 765-8089. Trustin Mortgage, LLC answers pre-qualifying questions every day.