When to Talk to a Mortgage Professional About Pre-Qualifying
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It's valuable to visit with a mortgage loan pro early, even before you've decided the kind of house to look for. What for? What can we do for you if you have not negotiated an amount, and don't know yet how much you want to borrow?
Our mortgage professionals will help you calculate how much of a loan you can qualify for and the monthly payment amount you can afford by helping you pre-qualify. This process takes you through your financial situation - your debt, income, job, and down payment money, among other things. We require a minimum amount of paperwork, with a quick process.
We will award you a Pre-Qualification Letter after you qualify, which states that we are confident you can qualify for a certain amount of mortgage loan dollars.
Armed with your pre-qualification letter, some advantages fall at your feet once you find the house you want to put together an offer on. First of all, you have some definite numbers in mind, as the total you will qualify for with your mortgage.
More important to the existing home owner, your pre-qualification is like your having entered their front door with a suitcase full of cash to purchase the home! They won't need to wonder if that they are wasting their time if you won't be able to have the ability to qualify for a big enough mortgage loan. The seller of the home won't wonder if he can trust you to qualify for your loan.Your qualifying for the necessary mortgage loan amount won't cause them concern. You have the capability to back your offer up.
We help with your pre-qualification
Our mortgage professionals will help you determine how much of a loan you can qualify for and the monthly payment amount you can afford by getting you pre-qualified. We accomplish this by considering your income and debts, your employment and residence situations, the available funds for a down payment, required reserves, and some other things. It's a quick, thorough process with minimal risks for papercuts.
It's vital to sit down and meet with us, even though you are welcome to also use the helpful mortgage calculators on our website. For one thing, you'll need a Pre-Qualification Letter! Then, we will make sure we have found the best mortgage loan program for you. We're waiting to hear from you: call us at 719-331-6278.
Have questions about pre-qualifying? Call us at 719-331-6278. It's our job to answer pre-qualification questions, so we're happy to help!