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Even if you have not researched houses to visit yet, it is valuable to visit with your mortgage professional first. What for? What can we do for you before you have negotiated a price, and don't yet know how much you need to borrow?
We Will Help You Pre-Qualify
We can help you find out the loan amount you can qualify for and the monthly payment amount you are able to afford by helping you pre-qualify. This process outlines your finances - your debts, income, employment, and cash available for down payment, among other things. It is a short, thorough process with minimal risks for papercuts.
After you are considered eligible, we will prove our confidence in your capacity to qualify for a loan by giving you a Pre-Qualification Letter (also called a "pre-qual").
Power in the Pre-Qual
Holding your pre-qualification letter, several advantages are yours when you find the home you want to put together an offer for. First, you have some general numbers in mind, as the amount you will qualify for on your mortgage loan.
Even more important to the seller of the home, your pre-qualification gives them certainty - as if you'd come to their home with a bag of cash to back up the offer! They will not need to be concerned that they are wasting their time if you won't be able to have the ability to qualify for a high enough mortgage. The seller of the home won't wonder if he can trust you to qualify for your mortgage in the amount you will need.Your qualifying for your needed mortgage loan amount won't be something for them to be concerned about. You have the capability to back up your offer.
We will help you pre-qualify
We can help determine how much of a mortgage loan you can afford, and how much money you can borrow, by walking you through pre-qualifying. During the process, we determine your ability to borrow - reviewing your earning status, money available for down payment, debt, income, and other circumstances. We require a minimum amount of paperwork, and avoid a lengthy process.
Face to Face
While you can use our tools to calculate mortgage variables on our site, it will be essential to sit down and talk with us. That way, we will be able to help you get your pre-qualification letter. For another thing, we may find a different mortgage option that fits your needs better. 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!