One of the first steps you should take when you are ready to buy a home is to get pre-qualified. This is a quick process where we take a look at the financial information you provide and do a soft credit check. It should take you just a few minutes to answer the questions in our 20-question pre-qualification application. We then generate a mortgage pre-qualification letter for you. Below are some reasons pre-qualification is a big help as you begin the home buying process.
3 Reasons to Get Pre-Qualified
- Find out what you can afford. Your mortgage pre-qualification letter tells you an estimate of what you are likely to be able to borrow. Once you know this number, it will be easier to start narrowing down your mortgage options and considering how your home loan will fit in with your overall finances.
- Speed up your home search. If you have started searching for homes without a pre-qualification letter, you are just guessing at what you can afford. That means you might be wasting time touring houses that are outside your means. You can stop wasting time when you get pre-qualified. It will be a quicker and easier process to find the right home for your budget (and stop falling in love with more expensive houses that will break your heart).
- Increase your chances of getting your offer accepted. Mortgage pre-qualification is the first step. Once you take it, you can move onto the next step, which is getting mortgage pre-approval. For mortgage pre-approval, we will need some documents from you. You will need a mortgage pre-approval letter to negotiate with sellers and be taken seriously.
Get Pre-Qualified Now in Farmington Hills
Are you ready to get pre-qualified for a mortgage? Use our handy MMS Express pre-qualification tool. You may also call us today at (248) 788-0800 to schedule your consultation. We can help you buy a home in Michigan or 15 others states.
