Why it's Important to Pre-Qualify
Shopping for a mortgage? We will be glad to assist you! Give us a call at 731-925-9959. Want to get started? Apply Now
Even if you haven't researched houses to view yet, it's important to visit with us first. Being pre-qualified gives you the advantage of knowing what you can afford. Then, you can find your dream home in your price range.
We Will Help You Pre-Qualify
When we pre-qualify you, we help you decide how much of a monthly payment you can fit in your budget, and how much of a loan you can qualify for. We can do this by reviewing your income and debts, your employment and residence situations, the available funds for a down payment, required reserves, and other financial considerations. We will ask for a minimum amount of paperwork, with a quick process.
After you are qualify, we present to you what's called a Pre-Qualification Letter (your real estate agent might call it a "pre-qual"), which says that we are helping you to find the best mortgage loan program to fit your needs and that we are confident you'll qualify for a mortgage up to a certain amount.
When you decided to make an offer on the house that is best for you, being pre-qualified for a loan will do a couple of things. The first is that you'll be sure of the amount you will be able to afford when determining the offer. Even more important to the seller of the home, your pre-qualification status gives them certainty - as if you had entered their home with a big box of cash to back up the offer! They will not need to be concerned that you will not have the ability to qualify for a mortgage. Thanks to Fortune Financial Corporation and your pre-qualification, you have the capability to back up your offer.
It is vital for you to sit down and talk with us, even though you are welcome to also try the helpful mortgage calculators on our site. That way, we'll help you get your pre-qualification letter. Then, we'll make sure we have the ideal mortgage loan program for your situation. We are eager to meet with you: call us at 731-925-9959.
Have questions about pre-qualifying? Call us at 731-925-9959. Fortune Financial Corporation answers pre-qualifying questions every day.