Why Pre-Qualification is Important

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It can be important to see a mortgage loan pro first, even if you haven't settled on what sort of home to look for. What for? What can we do for you if you have not made your offer, and do not know yet how much you need to borrow?

We Can Help You Pre-Qualify

When we pre-qualify you, we help you decide how much of a monthly mortgage payment you can fit in your budget, and the loan amount you will qualify for. During the process, we explore your borrowing potential - reviewing your earning status, available money for down payment, existing debt, income, and other circumstances. It's short and to the point; We keep the paperwork to a minimum.

We'll award you a Pre-Qualification Letter if you qualify, which documents that we're confident you will qualify for a certain amount of mortgage dollars.

Pre-Qualification Power

Some advantages open to you once you have found your next house, and have pre-qualification power. The first is that you can be sure what you'll be able to afford when putting together the offer. Even more important to the seller of the house, your pre-qualification gives them confidence - as if you'd come to their home with a big box of cash to make the offer! They won't have to worry that that they're wasting their time if you don't have the ability to qualify for a high enough mortgage loan. The seller of the home won't wonder if he can count on you to qualify for your loan.Your qualifying for the necessary mortgage loan amount won't cause them concern. You have the ability to back your offer up.

We will help you with your pre-qualification

Our mortgage professionals can help you determine the loan amount you can qualify for and the monthly payment amount you are able to afford by getting you pre-qualified. This process takes you through your current financial situation - your debts, income, job, cash available for down payment, among other things. We require a minimum amount of paperwork, and avoid a lengthy process.

Face to Face

You can always use the calculators here on this website to get an idea of how much mortgage you'll be able to afford - but it's also essential to meet with us. We can walk you through your pre-qualification letter. Then, we can make sure we have the right mortgage loan program for your situation. Let us get you started: Call us at (941) 366-5800.

Have questions about pre-qualifying? Call us at (941) 366-5800. New Millennium Mortgage Co. NMLS: 331173 answers pre-qualifying questions every day.