The Importance of Pre-Qualification
Have questions about pre-qualifying? Call us at (720) 633-5799. We answer pre-qualification questions every day. Want to get started?
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It's important to see a mortgage professional early, even if you haven't decided what type of house to search for. What for? Maybe it is difficult to fathom the ways we could help even before you start to negotiate.
We Can Help You Pre-Qualify
We will help you calculate the loan amount you can qualify for and the mortgage payment amount you are able to afford by helping you pre-qualify. We can do this by reviewing your income and debts, your employment and housing situations, your funds available for down payment, required reserves, and other financial considerations. It's a short, thorough process with minimal risks for papercuts.
At the point you are determined to be eligible, we will prove our confidence in your potential to qualify for a mortgage loan by awarding you a Pre-Qualification Letter (also known as a "pre-qual").
Power in the Pre-Qual
With your pre-qualification letter, some advantages fall at your feet at the point you locate the home you want to put together an offer for. First, you have some general numbers in mind, as the amount you can borrow.
Of greater importance to the home seller, your being pre-qualified is like your having entered their front door with a bag full of cash to purchase their house! They won't have to be concerned that they are wasting their time if you won't be able to have the ability to qualify for a big enough mortgage. The seller of the home won't be concerned that he can't count on you to qualify for your loan.Your qualifying for your needed mortgage loan amount won't be something for them to lose sleep over. They have a virtual guarantee to trust your ability to back up your offer.
We will help you with your pre-qualification
We can help determine how much of a mortgage you can afford, and how much money you will be able to borrow, by walking you through the pre-qualification process. We do this by considering your debts and income, your employment and housing circumstances, your available funds for down payment, required reserves, and other considerations. We require a minimum amount of paperwork, with a quick process.
One-on-One
It is important to sit down and talk with us, even though you are free to also try the helpful mortgage calculators on our website. For one thing, you will want a Pre-Qualification Letter! For another thing, we may locate a different mortgage loan option that is a better fit for you. We're waiting to meet with you: contact us at (720) 633-5799.