Why it's Important to Pre-Qualify
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It can be valuable to see a mortgage professional early, even before you've determined what type of home to search for. Why? How can we help you if you have not negotiated a purchase amount, and do not know yet the amount you want to borrow?
We Can Help You Pre-Qualify
We will help you calculate how much of a mortgage you can afford, and the amount of money you will be able to borrow, by taking you through pre-qualifying. This process walks you through your finances - your debts, income, employment, and cash available for down payment, among other things. We will ask for a minimum amount of paperwork, and avoid a lengthy process.
When you are determined to be eligible, we document our confidence in your potential to qualify for a mortgage by awarding you a Pre-Qualification Letter (also known as a "pre-qual").
Various advantages open to you after you find your next house, and have achieved pre-qualification. First, you have some definite numbers in mind, as the total you can borrow.
Your pre-qualification also will make your offer more attractive to the seller, like you were bringing them a big box of cash! They need not wonder if that they have been wasting their time if you will not be able to qualify for a high enough mortgage loan. The seller of the home won't worry if he can trust you to qualify for your mortgage in the amount you will need.Your qualifying for your needed mortgage loan amount won't be something for them to fret over. You have the capability to back up your offer.
We can help you pre-qualify
We will help you see how much of a mortgage you can afford, and the amount of money you can borrow, by taking you through the pre-qualification process. The process outlines your current financial situation - your debt, income, employment, cash available for down payment, among other things. It's a quick, thorough process with minimal risks for papercuts.
While you are able to use our mortgage calculators on this website, it's essential to sit down and talk with us. For one thing, you will want a Pre-Qualification Letter! For another thing, we could be able to find a different mortgage loan option that fits your needs better. Contact us at 719-331-6278 to get started.
Have questions about pre-qualifying? Call us at 719-331-6278. Affinity Mortgage Brokers answers pre-qualifying questions every day.