Getting pre-qualified for a mortgage is a smart first step.
Would you walk into a restaurant with no way to pay? Of course not. Likewise, you need to start shopping for your new home knowing exactly how much you can afford and how much you can borrow. Don’t wait until you’ve already fallen in love with a property. Talk to Zachery “Zack” Adam at Prime Mortgage Lending of West Asheville to get pre-qualified today, before you start house hunting.
At Prime Mortgage Lending, getting pre-qualified means running and evaluating your credit report, something that usually happens only when you want to pre-apply for a mortgage. It also means you will be asked to supply your Prime loan officer with proof of your finances. Being so thorough now saves you time later in the process. It also gives you peace-of-mind because you can rely on the amount for which you pre-qualify.
So when you are pre-qualified for a mortgage at Prime, it’s worth more than a pre-qualification anywhere else. You still get a “pre-qualification letter” that tells you how much Prime is willing to loan you, and the due diligence that went into that letter means you can make an offer on a home with confidence.
Another advantage of getting pre-qualified for a mortgage is that the process often helps the Prime Loan Officer determine the best type of mortgage loan for your situation. Prime Mortgage Lending offers many different types of mortgage loans. With Prime, you have an ally looking out for your best interests for your mortgage.
Call Zack at 828-242-4780 or Contact Us to start a discussion about which mortgage loan best suits your needs. If you are pre-qualified for a mortgage before you look at your first house, you’ll know what you can afford.
Pre-Approval vs. Pre-Qualification
Pre-qualification at any other lender, independent or not, often is just a rough guess at how much that institution would be willing to lend you. It guarantees nothing because pre-qualification usually is based on guesses about your income, debts and assets. Prime Mortgage Lending asks you to substantiate that information upfront so that your pre-qualification means a lot more. They prefer to leave the guessing out of the equation.
Of course, you always have the option of completing the entire pre-approval process. It does position you as a serious, well-prepared homebuyer, which will impress many sellers and Realtors. But a pre-approval takes more time than a typical pre-qualification. Pre-approval goes through the same process and requires the same documents as actually applying for the loan, but without a specific property address identified.
Highly likely to recommend
“Zack is awesome! I am so glad we worked with him, and I would recommend him without hesitation to anyone. As a self-employed, first-time home buyer, he was wonderful at helping us prepare for the buying process and walked us through every step along the way. He’s super responsive, friendly, knowledgeable, and a great person to have on your side when you’re getting a mortgage.”
“I just closed on my house today and a huge thanks goes to Zack! He made everything so easy and really stress free. He guided me and was available to answer any questions that I had along the way. I kept waiting for a kink to pop up but it was a smooth process from beginning to end. I highly recommend Zack to anybody and everybody. Such a positive experience!”
“Zach is the best! We bought our first house through him in 2015, and then were happy to have occasion to work with him again recently for an investment property. He even suggested a way to parcel the land before purchase that made a major and immediate improvement in our ROI. In addition to being all over the details and offering some of the best rates in town (oh, we like him, but we still shopped), he’s also a great, fun guy to work with. Yay Zack!”
To get pre-qualified for a mortgage loan with Prime Mortgage Lending, you need to submit the documentation your loan officer requests. Every case is different, but you can get a sense of what you need on our extensive Document Checklist page. You rarely need everything, only what’s pertinent to your situation.
If your situation is unusual or tricky — with complicated tax returns or multiple sources of income — your Prime loan officer notifies the underwriters ahead of time to speed up the review process. Once you have been pre-qualified, you can find a house and enter into a contract knowing you have the loan almost in hand. The pre-qualification process speeds up the loan process tremendously.
At Prime Mortgage Lending of West Asheville, the goal is to close on time, every time. Pre-qualification can help make it happen for you.