Should you talk to a mortgage professional before house hunting?

Absolutely! Whether or not you have found a house, it is important to see your mortgage professional first. We can help you determine how much you need and what you can borrow.

Part of the pre-qualification process includes determining what monthly payments you can afford. The amount we can loan you is determined by your income and debts, your employment and residence situation, as well as your available funds for down payment and required reserves. 

Once you qualify, we produce a Pre-Qualification Letter which states that we are working with you to meet your needs and that we are confident you will qualify for a loan to meet those needs.

By being Pre-Qualified, you are now free to find a home and make an offer based on the amount you are pre-qualified for. With guidance from your real estate agent, you will be able to make an appropriate offer. The seller will also be more confident if you are pre-qualified. This says to them that you are serious and possibly ready to make a deal right then and there.

If you are curious as to how much you can afford, feel free to use the calculators we have on our website. Remember, it is still important that you meet with us. We can provide you with the appropriate documents and maybe even find a loan that better suits your needs.