Moving Family Forward

Mortgage Pre-approval in Birmingham, Huntsville & Mobile

Looking to trade in your rent for a mortgage? That’s a great step in the financial game, but there’s a lot more to consider than just trading in your rent for a mortgage. You have to consider the down payment. Will you be able to afford the down payment? (Which could be as little as 3% of the purchase price). Additionally, you will have to look at your income and budget, including how much house you can afford before you choose a down payment, type of mortgage, or house.

A mortgage pre-approval can give you a solid idea of your mortgage eligibility and how much money you could borrow. This letter also signals to sellers that your lender is on board and you're ready to buy. For more than 20 years now, Weber Mortgage has been the most reliable mortgage company to provide services for availing of a mortgage pre-approval in Birmingham, Huntsville, & Mobile in Alabama.

Weber Mortgage has been operating since 1999 and has earned quite a respected place among the clients. Our experts offer superior rates and services for VA, FHA, conventional, non-qualifying, and other types of home loans. From the first contact to the final closing, your biggest investment is our priority. We make your home loan process clear and straightforward.

Mortgage Pre-approval

What is a Mortgage Pre-approval?

A mortgage pre-approval is a statement from a lender that says you are qualified to borrow up to a certain amount. It also includes a specific pre-approved interest rate, though this number can change depending on how soon you put in an offer on a home since mortgage rates are variable.

To come up with the promised loan amount, lenders take into consideration the same factors they would consider for traditional mortgage approval, including your debt to income ratio and your credit score. The better your financial situation looks, the more you’ll be pre-approved to borrow.

Importance of Getting a Mortgage Pre-approval

Importance of Getting a Mortgage Pre-approval
  • It Lets You Know What You’re Working With

    Buying a home is a major investment, and most of us aren’t paying for the whole thing up-front in cash. When you get a mortgage pre-approval, you’re able to set your budgetary limits and make sure that any home you’re looking at is a home that you will be able to finance.

  • It Makes You a More Attractive Buyer

    If there are two buyers making an asking price offer on a home and only one has a mortgage pre-approval, who do you think the seller is going to be more likely to go with? In almost all cases it’s going to be the buyer with a pre-approval since there’s a lot less risk to the seller of the deal falling through due to lack of appropriate financing.

  • It Gives You More Room to Negotiate

    In addition to making you a more attractive buyer, a mortgage pre-approval also lends you some flexibility in terms of bargaining and negotiations. If you want some repairs or improvements thrown in or if you want the seller to cover your closing costs or purchase a home warranty for you, your mortgage pre-approval will help strengthen your position and may make it more likely that you get what you’re asking for.

  • You’ll Close Faster

    Securing financing is the first thing that happens when you start to close on a home. With a mortgage pre-approval, financing is already secured and you can jump right to the next steps, such as your appraisal and inspection. This is a particularly beneficial advantage if the seller is also trying to close sooner rather than later.

Why Choose Weber Mortgage?

It’s human nature to build a family and every family dreams to have its very own home. Therefore, it’s only natural that professionals with a family-oriented perspective will realize the true passion for every person seeking a home loan. Weber Mortgage is a family-owned company and we know how important it is for you to find the most suitable loan & home that not only meets your desire but also takes care of your financial status.

Contact us today or call us at 205-751-8583 to take the first step in making your dream to own a home, come true. Our services are available in Adamsville, Birmingham, Demopolis, Calera, Echola, and other places throughout the Alabama state.