The Importance of Pre-Qualification
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It's important to visit with a mortgage professional first, even before you've determined the sort of house to search for. Why? How can we help if you have not negotiated an amount, and don't know yet how much you want to borrow?
We Will Help You Pre-Qualify
When we pre-qualify you, we help you determine how much of a monthly payment you can afford, and how much we of a loan you will qualify for. We do this by reviewing your debts and income, your work and housing circumstances, the funds available for down payment, required reserves, and other financial considerations. We ask for a minimum amount of paperwork, and avoid a lengthy process.
After you qualify, we present to you a Pre-Qualification Letter (your real estate agent may call it a "pre-qual"), which documents the fact that we are working with you to find the ideal mortgage loan program to meet your situation and that we're confident you'll qualify for a loan up to a certain amount.
A number of advantages open to you once you find your new house, and have pre-qualification. First, it lets you know how much you're able to offer.
Having pre-qualification also will make your offer more attractive to the home seller, as if you were bringing them a big box of cash! They need not be concerned they're wasting their time if you can't be able to qualify for a big enough mortgage. The seller of the home won't be concerned that he can't trust you to qualify for your mortgage in the amount you'll need.Your qualifying for the necessary mortgage loan amount will not cause them concern. You can have the clout of a buyer ready to make the deal right now!
We can help you pre-qualify
We will help you calculate how much of a mortgage loan you can afford, and how much money you can borrow, by taking you through the pre-qualification process. During the process, we determine your borrowing potential - analyzing your job, available money for down payment, debts, income, and other areas. It is a short, thorough process with minimal risks for papercuts.
Face to Face
It is important for you to sit down and talk with us, even though you are free to also try the helpful mortgage calculators on this website. We can begin getting your pre-qualification letter. For another thing, we could be able to find a different mortgage loan option that is a better fit for you. We are waiting to meet with you: call us at 719-331-6278.
Have questions about pre-qualifying? Call us at 719-331-6278. We answer pre-qualification questions every day.