The Importance of Pre-Qualifying
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It is valuable to consult your mortgage loan professional early — even before you've started researching neighborhoods. What for? When you do not yet know how much home you want to qualify for, how could we help?
We can help determine how much of a mortgage you can afford, and the amount of money you can borrow, by taking you through the pre-qualification process. The process outlines your finances - your debt, income, job, and down payment money, among other things. It's quick and to the point; We keep the paperwork light.
Once you qualify, will present to you what's called a Pre-Qualification Letter (your real estate agent might call it a "pre-qual"), that documents the fact that we are helping you to find the best mortgage loan program to fit your financial needs and that we're confident you will qualify for a loan for a specific amount.
Power in the Pre-Qual
Once you locate the house that catches your eye, and you decide to put together an offer, being pre-qualified for a loan will do several things. The first is that you'll know what you will be able to afford when calculating the offer. Of greater importance to the home seller, your pre-qualification is like your having entered their house with a bag full of money ready to make the deal! They won't have to be concerned they are wasting their time if you do not be able to qualify for a big enough mortgage. The seller won't be concerned that he won't be able to trust you to qualify for your loan.Your qualifying for your needed loan amount won't cause them concern. You have the capability to back up your offer.
We help with your pre-qualification
Our mortgage professionals will help you find out how much of a loan you can qualify for and the monthly payment amount you can afford by getting you pre-qualified. This process outlines your financial situation - your debts, income, career, down payment money, among other things. We will ask for a minimum amount of paperwork, with a quick process.
Face to Face
While you are encouraged to use our tools to calculate mortgage variables on our website, it will be essential to meet with us. We can begin getting your pre-qualification letter. For another thing, we could find a different mortgage option that better fits your needs. Contact us at 303-840-7424 to get started.