Why Pre-Qualification is Important
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It is valuable to visit with a mortgage loan pro first, even if you haven't decided what type of home to search for. What for? What can we do for you before you have negotiated an amount, and don't know yet the amount you want to borrow?
We Will Help You Pre-Qualify
Our mortgage professionals can help you determine how much of a loan you can qualify for and the mortgage payment amount you can afford by helping you pre-qualify. During this process, we determine your borrowing capacity - looking at your earning status, money available for down payment, existing debt, income, and other areas. We require a minimum amount of paperwork, with a short,basic process.
We give you a Pre-Qualification Letter when you qualify, which documents that we're confident you will qualify for a specific amount of mortgage loan dollars.
With your pre-qualification letter, several advantages are yours once you find the house you want to put together an offer on. The first is that you can know the amount you'll be able to afford when determining the offer. Even more important to the seller, your pre-qualification letter gives them confidence - as if you'd arrived at their home with a big box of cash to back up the offer! They need not worry that they are wasting their time if you won't be able to 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 mortgage in the amount you will need.Your qualifying for your needed loan amount will not cause them concern. You have the ability to back your offer up.
We will help you pre-qualify
We can help you see how much of a mortgage you can afford, and how much money you can borrow, by taking you through pre-qualifying. We can do this by reviewing your debts and income, your work and housing circumstances, your available funds for a down payment, required reserves, and some other things. We will require a minimum amount of paperwork, with a quick process.
Face to Face
You can certainly use the mortgage calculators on this website to calculate how much mortgage you'll be able to afford - but it's also essential to meet with us. For one thing, you'll want a Pre-Qualification Letter! Then, we can make sure we have chosen the ideal mortgage program for your situation. Contact us at (970) 577-9200 to get started.
Have questions about pre-qualifying? Call us at (970) 577-9200. It's our job to answer pre-qualification questions, so we're happy to help!