When to Talk to Your Mortgage Professional
In the market for a new mortgage loan? We will be glad to help! Call us at (303) 228-2254. Want to get started? Apply Here.
It can be helpful to see a mortgage professional early, even if you haven't settled on the kind of house to search for. Why? If you don't know yet how much home you need to qualify for, how can we help?
We Can Help You Pre-Qualify
Our mortgage professionals can help you calculate how much of a loan you can qualify for and the monthly payment amount you are able to afford by getting you pre-qualified. We do this by analyzing your income and debts, your employment and residence circumstances, the available funds for down payment, required reserves, and some other things. It's a short, thorough process with minimal risks for papercuts.
Once you qualify, we present to you what's called a Pre-Qualification Letter (your real estate agent might call it a "pre-qual"), which states that we are helping you to find the ideal mortgage to meet your situation and that we are confident you'll qualify for a loan for up to a certain amount.
Power in the Pre-Qual
Holding your pre-qualification letter, several advantages fall at your feet when you find the house you want to make an offer for. First, you have some general numbers in mind, as the amount you will be able to borrow.
Being pre-qualified will also make your offer more attractive to the seller, as if you were bringing them a big box of cash! They will not need to worry that they are wasting their time if you do not have the ability to qualify for a big enough mortgage loan. The seller of the home won't wonder if he can count on you to qualify for your mortgage in the amount you will need.Your qualifying for the necessary loan amount won't cause them concern. You have the clout of a buyer ready to make the purchase right now!
We help with your pre-qualification
We can help determine how much of a mortgage loan you can afford, and the amount of money you will be able to borrow, by taking you through the pre-qualification process. We do this by reviewing your debts and income, your employment and housing circumstances, the funds available for down payment, required reserves, and other considerations. We as for a minimum amount of paperwork, and avoid a lengthy process.
One on one
You can always use the mortgage calculators here on our site to calculate the size mortgage you'll be able to afford - but it's also important to meet with one of our mortgage professionals. That way, we'll help you get your pre-qualification letter. Then, we can make sure we have chosen the ideal mortgage program for you. Contact us at (303) 228-2254 to get started.
Have questions about pre-qualifying? Call us at (303) 228-2254. It's our job to answer pre-qualification questions, so we're happy to help!