Why it's Important to Pre-Qualify

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Even if you have not researched houses to visit yet, it's valuable to contact your mortgage pro first. Why? It might be difficult to fathom the ways in which we can help even before you begin to negotiate.

We Can Help You Pre-Qualify

When we pre-qualify you, we help you determine the amount in monthly mortgage payments you can fit in your budget, and the size of loan you will qualify for. We will accomplish this by considering your debts and income, your work and housing situations, the available funds for down payment, required reserves, and some other things. We require a minimum amount of paperwork, with a quick process.

When you are considered eligible, we document our confidence in your capacity to qualify for a loan by presenting you with a Pre-Qualification Letter (also called a "pre-qual").

Buying Power

After you locate a house that catches your eye, and you want to put together an offer, being pre-qualified for a loan will do several things. First, it helps you know the amount that you're able to offer. Being pre-qualified can also make your offer look even better to the seller, like you were bringing them a suitcase of cash! They won't need to wonder if that they have been wasting their time if you will not have the ability to qualify for a big enough mortgage. The seller of the home won't be concerned that he won't be able to trust you to qualify for your loan.Your qualifying for your needed loan amount won't cause them concern. They have a virtual guarantee to trust your buying power.

We help with your pre-qualification

We will help determine how much of a mortgage loan you can afford, and the amount of money you may be able to borrow, by taking you through pre-qualifying. In this process, we explore your ability to borrow - analyzing your job, available money for down payment, debt, income, and other areas. It's quick and to the point; and we keep the paperwork light.

Face to Face

It is important to sit down and meet with us, even though you are free to also try the helpful mortgage loan calculators on our website. That way, we will help you get your pre-qualification letter. Then, we can make sure we have chosen the ideal mortgage program for your situation. Let us help you get started: Contact us at 2603382561.

Have questions about pre-qualifying? Call us at 2603382561. VSI Home Lending answers pre-qualifying questions every day.