Why Pre-Qualification is Important

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It's helpful to bring in your mortgage loan professional early — even before you have started to consider neighborhoods. What for? How can we help you before you have made an offer, and do not yet know the amount you need to borrow?

Pre-Qualify

When we pre-qualify you, we help you decide how much of a monthly mortgage payment you can fit in your budget, and the loan amount you can qualify for. In the process, we look at your borrowing potential - looking at your earning status, available money for down payment, existing debt, income, and other circumstances. It's a short, thorough process with minimal risks for papercuts.

When you qualify, we give you a Pre-Qualification Letter (your real estate agent might refer to it as a "pre-qual"), that states that we are working with you to find the best loan program to meet your situation and that we are confident you'll qualify for a mortgage for a certain amount.

Buying Clout

Several beneifits open to you after you find your next house, and have achieved pre-qualification. First, it lets you know the amount that you're able to offer. Having pre-qualification will also make your offer more attractive to the seller, like you were bringing them a bag full of cash! They won't need to be concerned they have been wasting their time if you will not be able to qualify for a high enough mortgage. The seller won't wonder if he can trust you to qualify for your loan.Your qualifying for the necessary mortgage loan amount will not be something for them to lose sleep over. You have the capability to back up your offer.

We will help you pre-qualify

We will help you determine the loan amount you can qualify for and the mortgage payment amount you are able to afford by getting you pre-qualified. In this process, we calculate your capacity to borrow - analyzing your employment, money available for down payment, debts, income, and other areas. It's a short, thorough process with minimal risks for papercuts.

One on one

You can certainly use the calculators on our site to calculate the size mortgage you'll be able to afford - but it's also important to talk with us. For one thing, you will want a Pre-Qualification Letter! Then, we will make sure we have the best mortgage loan program for your situation. We're eager to meet with you: call us at 720-598-8300.

Have questions about pre-qualifying? Call us at 720-598-8300. Foxfield Financial answers pre-qualifying questions every day.

Basic Pre-Approval

Get the Best Mortgage Rate! Tell us a little about your current needs and we can use that information to match you with just the right loan.

Tell us about your loan needs.
How can we get in touch with you?
Tell us about your credit history.