When to Talk to a Mortgage Professional
It is valuable to consult with your mortgage professional as soon as possible — even before you've begun narrowing down neighborhoods. What for? When you don't know yet how much home you need to qualify for, how could we help?
Our mortgage professionals will help you calculate the loan amount you can qualify for and the monthly payment amount you can afford by getting you pre-qualified. During the process, we determine your borrowing power - looking at your earning status, money available for down payment, existing debt, income, and other areas. We ask for a minimum amount of paperwork, and avoid a lengthy process.
At the point you are considered eligible, we prove our confidence in your capacity to qualify for a loan by presenting you with a Pre-Qualification Letter (also called a "pre-qual").
Several beneifits open to you when you find your dream house, and have pre-qualification. First, it helps you know the amount that you're able to offer.
More important to the existing home owner, your pre-qualification is like your having walked into their house with a suitcase full of cash ready to purchase the home! They will not need to wonder if they are wasting their time if you will not have the ability to qualify for a big enough mortgage loan. The seller won't be concerned that he can't count on you to qualify for your mortgage in the amount you'll need.Your qualifying for your needed loan amount won't cause them concern. They have a virtual guarantee to trust your buying power.
We can help you pre-qualify
Our mortgage professionals can help you calculate the loan amount you can qualify for and the monthly payment amount you can afford by helping you pre-qualify. This process takes you through your current financial situation - your debts, income, job, cash available for down payment, among other things. We will ask for a minimum amount of paperwork, with a short, basic process.
One on one
While you can benefit from our tools to calculate mortgage variables on our site, it's a good idea to meet with us. For one thing, you will want a Pre-Qualification Letter! Next, we can study your mortgage choices and be sure you have found the right one. We are waiting to hear from you: call us at 480-282-3662.
Have questions about pre-qualifying? Call us at 480-282-3662. Synergistic Wealth Management llc answers pre-qualifying questions every day.