Why Pre-Qualification is Important
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It's important to bring in your mortgage loan professional early — even before you have started to consider neighborhoods. What for? It may be hard to understand the ways in which we can help even before you start to talk about prices and negotiations.
We Can Help You Pre-Qualify
Our mortgage professionals can help you determine how much of a loan you can qualify for and the mortgage payment amount you can afford by helping you pre-qualify. The process outlines your finances - your debts, income, job, and cash available for down payment, among other things. It's short and to the point; We keep the paperwork to a minimum.
Once you qualify, will present to you a Pre-Qualification Letter (your real estate agent may call it a "pre-qual"), that documents the fact that we are helping you to find the ideal loan to fit your needs and that we are confident you'll qualify for a loan for up to a specific amount.
Some beneifits open to you when you've found your new house, and have pre-qualification power. The first is that you can know what you'll be able to afford when determining the offer.
Being pre-qualified will also make your offer look even better to the seller, as if you were bringing them a suitcase of cash! They need not be concerned they're wasting their time if you won't be able to be able to qualify for a high enough mortgage. The seller of the home won't wonder if he can count on you to qualify for your mortgage in the amount you'll need.Your qualifying for your needed mortgage loan amount will not cause them concern. You have the ability to back up your offer.
We will 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 pre-qualifying. We can achieve this by analyzing your income and debts, your employment and housing situations, the funds available for down payment, required reserves, and some other things. We as for a minimum amount of paperwork, with a short, basic process.
Face to Face
While you are encouraged to benefit from our mortgage calculators on this site, it's essential to meet with one of our mortgage professional team members. We can work toward your pre-qualification letter. For another thing, we could find a different mortgage choice that is a better fit for you. Contact us at 719-331-6278 to get started.
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!