When to Talk to a Mortgage Pro
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It's helpful to see a mortgage professional first, even if you haven't decided what type of house you hope to find. What for? How can we help if you have not negotiated a purchase amount, and do not yet know how much you want to borrow?
We Can Help You Pre-Qualify
We will help you determine how much of a loan you can qualify for and the monthly payment amount you can afford by helping you pre-qualify. The process outlines your current financial situation - your debt, income, job, and cash available for down payment, among other things. We will require a minimum amount of paperwork, with a short,basic process.
We will award you a Pre-Qualification Letter when you qualify, that says that we are confident you can qualify for up to a certain amount of mortgage loan dollars.
Holding your pre-qualification letter, several advantages are yours when you locate the house you want to make an offer for. First, you have some general numbers in mind, as the total you will qualify for with your mortgage.
Of greater importance to the seller, your pre-qualification is like your having entered their house with a bag full of cash ready to purchase the home! They won't need to worry that they are wasting their time if you do not have the ability to qualify for a high 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 mortgage in the amount you will need.Your qualifying for the necessary loan amount will not cause them concern. They have a virtual guarantee that they can trust your buying power.
We will help you pre-qualify
When we pre-qualify you, we help you determine the amount you can afford in monthly payments you can fit in your budget, and the loan amount you will qualify for. This process takes you through your current financial situation - your debts, income, employment, down payment money, among other things. We as for a minimum amount of paperwork, and avoid a lengthy process.
It is vital to sit down and meet with us, even though you are free to also use the helpful mortgage calculator tools on our site. We can walk you through your pre-qualification letter. Then, we'll make sure we have the ideal mortgage program for your situation. Let us help you get 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!