Why Pre-Qualification is Important
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It is important to bring in your mortgage loan professional early — even before you've started to research neighborhoods. What for? Maybe it's difficult to fathom the ways we could help even before you start to talk about prices and negotiations.
We Will Help You Pre-Qualify
We can help you find out how much of a loan you can qualify for and the mortgage payment amount you can afford by getting you pre-qualified. In the process, we calculate your borrowing capacity - analyzing your earning status, money available for down payment, existing debt, income, and other circumstances. We ask for a minimum amount of paperwork, with a short,basic process.
We award you a Pre-Qualification Letter if you qualify, which documents that we are confident you'll qualify for a predetermined amount of mortgage loan dollars.
When you find a house that is best for you, and you decide to make an offer, being pre-qualified for a mortgage loan will do several things. The first is that you'll know the amount you can afford when putting together your offer.
Of greater importance to the seller, your pre-qualification is like your having walked into their house with a suitcase full of cash ready to make the deal! They will not have to wonder if they have been wasting their time if you can't be able to qualify for a high enough mortgage loan. The seller of the home won't be concerned that he can't trust you to qualify for your loan.Your qualifying for the necessary loan amount won't cause them concern. You will have the influence of a buyer ready to make the purchase right now!
We will help you with your pre-qualification
When we pre-qualify you, we help you find out the amount you can afford in monthly mortgage payments you can fit in your budget, and the loan amount you can qualify for. We achieve this by analyzing your income and debts, your work and housing situations, the funds available for down payment, required reserves, and other financial considerations. It's a quick, thorough process with minimal risks for papercuts.
It is important for you to sit down and talk with us, even though you are welcome to also try the helpful mortgage loan calculators on this site. We can begin working on your pre-qualification letter. For another thing, we could locate a different mortgage choice that fits your needs better. We are eager to meet with you: call us at 720-598-8300.
Have questions about pre-qualifying? Call us at 720-598-8300. We answer pre-qualification questions every day.