When to Speak to a Mortgage Pro About Pre-Qualification
In the market for a new mortgage loan? We'll be glad to answer your questions about your mortgage needs! Call us at 720-598-8300. Ready to begin? Apply Here.
It's important to consult with your mortgage loan professional early — even before you've started narrowing down neighborhoods. What for? What can we do for you before you have made your offer, and do not know yet how much you need to borrow?
We Can Help You Pre-Qualify
We can help you determine how much of a loan you can qualify for and the monthly payment amount you are able to afford by helping you pre-qualify. We will do this by reviewing your debts and income, your employment and housing circumstances, the funds available for down payment, required reserves, and other considerations. It's short and to the point; We take pride in keeping the paperwork to a minimum.
When you are considered eligible, we will prove our confidence in your capacity to qualify for a mortgage loan by giving you a Pre-Qualification Letter (also known as a "pre-qual").
Power in the Pre-Qual
Some beneifits open to you after you have found your new house, and have achieved pre-qualification power. First of all, you have some general numbers in mind, as the total you can borrow.
Even more important to the seller of the home, your pre-qualification gives them confidence - as if you had come to their house with a big box of cash to make the offer! They won't need to be concerned that they have been wasting their time if you do not be able to qualify for a big enough mortgage. The seller of the home won't worry if he can count on you to qualify for your mortgage in the amount you'll need.Your qualifying for the necessary mortgage loan amount won't be something for them to fret over. You can have the sway of a buyer ready to make the purchase right now!
We can help you pre-qualify
When we pre-qualify you, we help you figure out the amount you can afford in mortgage payments you can fit in your budget, and how much we of a loan you will qualify for. We accomplish this by considering your income and debts, your employment and housing circumstances, the funds available for down payment, required reserves, and other considerations. It's a quick, thorough process with minimal risks for papercuts.
You can always use the calculators available on this site to calculate how much mortgage you'll be able to afford - but it's also valuable to meet with us. We can begin getting your pre-qualification letter. For another thing, we could locate a different mortgage choice that is a better fit for you. We're eager to hear from you: call us at 720-598-8300.
Have questions about pre-qualifying? Call us at 720-598-8300. It's our job to answer pre-qualification questions, so we're happy to help!