Why Pre-Qualification is Important

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Even if you have not so much as researched homes to visit yet, it can be valuable to visit with your mortgage professional early. What for? How can we help you if you haven't negotiated an amount, and don't know yet the amount you want to borrow?

We Can Help You Pre-Qualify

We can help you calculate how much of a mortgage loan you can afford, and the amount of money you will be able to borrow, by walking you through pre-qualifying. We accomplish this by reviewing your debts and income, your employment and residence situations, your funds available for a down payment, required reserves, and other financial considerations. It is a short, thorough process with minimal risks for papercuts.

We award you a Pre-Qualification Letter after you qualify, that states that we are confident you can qualify for a certain amount of mortgage loan dollars.

Power in the Pre-Qual

With your pre-qualification letter, some advantages are yours at the point you locate the home you want to put together an offer on. The first is that you will be sure the amount you'll be able to afford when putting together the offer. More important to the home seller, your pre-qualification is like your having entered their house with a suitcase full of money ready to make the deal! They will not need to worry that they're wasting their time if you will not have the ability to qualify for a big enough mortgage loan. The seller of the home won't be concerned that he won't be able to count on you to qualify for your loan.Your qualifying for your needed mortgage loan amount will not be something for them to lose sleep over. They have a virtual guarantee that they can trust your ability to back up your offer.

We will help you with your pre-qualification

We can help determine how much of a mortgage loan you can afford, and the amount of money you can borrow, by walking you through pre-qualifying. The process outlines your finances - your debts, income, career, cash available for down payment, among other things. It's a short, thorough process with minimal risks for papercuts.

One on one

It is important for you to sit down and talk with us, even though you are welcome to also use the helpful mortgage calculators on this website. For one thing, you'll need a Pre-Qualification Letter! For another thing, we could find a different mortgage loan option that better fits your needs. Contact us at 719-425-2226 to get your pre-qualification process started.

Have questions about pre-qualifying? Call us at 719-425-2226. Equity Edge Mortgage, Inc. answers pre-qualifying questions every day.