When to Speak to a Mortgage Professional About Pre-Qualifying
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It is important to see a mortgage loan pro early, even before you have decided the kind of home to search for. What for? If you don't know yet how much home you want to qualify for, what could we do for you?
We Will Help You Pre-Qualify
We will help you find out the loan amount you can qualify for and the monthly payment amount you can afford by helping you pre-qualify. During the process, we determine your borrowing power - analyzing your employment, available money for down payment, debts, income, and other circumstances. We will ask for a minimum amount of paperwork, with a quick process.
We will award you a Pre-Qualification Letter after you qualify, which documents that we're confident you will qualify for up to a specific amount of mortgage loan dollars.
Power in the Pre-Qual
Armed with your pre-qualification letter, several advantages fall at your feet when you find the house you want to make an offer for. First, it lets you know the amount that you are able to offer.
Being pre-qualified also will make your offer look even better to the home seller, like you were bringing them a suitcase of cash! They need not wonder if they're wasting their time if you won't be able to be able to qualify for a high enough mortgage loan. The seller won't be concerned that he can't count on you to qualify for your loan.Your qualifying for the necessary loan amount will not be something for them to lose sleep over. You'll have the sway of a buyer ready to make the deal right now!
We will help you with your pre-qualification
We can help you see how much of a mortgage loan you can afford, and how much money you may be able to borrow, by taking you through the pre-qualification process. We achieve this by reviewing your debts and income, your work and housing circumstances, your funds available for down payment, required reserves, and some other things. It is a short, thorough process with minimal risks for papercuts.
It is vital to sit down and talk with us, even though you are free to also try the helpful mortgage loan calculators on our website. That way, we can help you get your pre-qualification letter. Then, we can make sure we have chosen the right mortgage program for your situation. Contact us at 719-425-2226 to get your pre-qualification process started.
Have questions about pre-qualifying? Call us at 719-425-2226. We answer pre-qualification questions every day.