Why it's Important to Pre-Qualify
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It is important to visit with a mortgage loan pro first, even if you haven't decided the kind of house to search for. What for? If you do not know yet how much home you want to qualify for, what can we help you with?
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 will be able to borrow, by taking you through the pre-qualification process. We do this by reviewing your income and debts, your employment and housing circumstances, your available funds for a down payment, required reserves, and other considerations. It is a short, thorough process with minimal risks for papercuts.
Once you qualify, we present to you what's called a Pre-Qualification Letter (your real estate agent might call it a "pre-qual"), which says that we are working with you to find the ideal mortgage to fit your financial needs and that we're confident you'll qualify for a loan up to a specific amount.
Several beneifits open to you once you find your new house, and have achieved pre-qualification. The first is that you'll know what you will be able to afford when calculating the offer.
More important to the current home owner, your pre-qualification is like your having entered their house with a bag full of cash ready to make the deal! They won't need to wonder if that they are wasting their time if you can't be able to qualify for a big enough mortgage. The seller of the home won't wonder if he can trust you to qualify for your mortgage in the amount you'll need.Your qualifying for your needed loan amount will not cause them concern. You have the capability to back your offer up.
We help with your pre-qualification
We can help you see how much of a mortgage you can afford, and the amount of money you may be able to borrow, by taking you through pre-qualifying. The process takes you through your current financial situation - your debt, income, job, cash available for down payment, among other things. We will require a minimum amount of paperwork, and avoid a lengthy process.
Face to Face
It's important for you to sit down and meet with us, even though you are welcome to also try the helpful mortgage loan calculators on this site. That way, we'll be able to help you get your pre-qualification letter. Next, we can review your loan choices and make sure you have chosen the right one. Let us get you started: Call us at 719-425-2226.
Have questions about pre-qualifying? Call us at 719-425-2226. It's our job to answer pre-qualification questions, so we're happy to help!