Why it's Important to Pre-Qualify
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Even if you haven't so much as researched homes to view yet, it is advantageous to see your mortgage pro first. What for? What can we do for you if you haven't negotiated a purchase amount, and don't yet know the amount you need to borrow?
We Can Help You Pre-Qualify
When we pre-qualify you, we help you decide the amount in mortgage payments you can afford, and the loan amount you can qualify for. In the process, we explore your borrowing power - analyzing your earning status, available money for down payment, existing debt, income, and other areas. It's short and basic; We take pride in keeping the paperwork to a minimum.
When you are determined to be eligible, we document our confidence in your capacity to qualify for a mortgage loan by giving you a Pre-Qualification Letter (also known as a "pre-qual").
Some beneifits open to you after you find your dream house, and have achieved pre-qualification power. First of all, you have some general numbers in mind, as the total you can borrow.
Even more important to the present owner, your pre-qualification gives them certainty - as if you had come into their house with a big box of cash to back up the offer! They will not have to wonder if that they have been wasting their time if you can't have the ability to qualify for a big enough mortgage loan. The seller won't be concerned that he won't be able to count on you to qualify for your mortgage in the amount you will need.Your qualifying for the necessary mortgage loan amount will not cause them concern. You'll have the influence of a buyer ready to make the deal right now!
We will help you with your pre-qualification
When we pre-qualify you, we help you find out how much of a monthly payment you can afford, and how much we of a loan you will qualify for. In the process, we calculate your ability to borrow - analyzing your job, available money for down payment, debt, income, and other areas. It's a quick, thorough process with minimal risks for papercuts.
One on one
It's vital to sit down and talk with us, even though you are welcome to also utilize the helpful mortgage calculator tools on our site. We can begin working on your pre-qualification letter. For another thing, we might find a different mortgage choice that fits your situation better. 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.