Why it's Important to Pre-Qualify

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Even if you have not so much as picked out homes to view yet, it's important to see your mortgage pro early. Why? What can we do for you if you have not made your offer, and do not know yet the amount you want to borrow?

We Can Help You Pre-Qualify

When we pre-qualify you, we help you determine the amount in monthly payments you can fit in your budget, and the size of loan you can qualify for. The process leads you through your current financial situation - your debt, income, career, and down payment money, among other things. It's a quick, thorough process with minimal risks for papercuts.

When you qualify, we present to you a Pre-Qualification Letter (your real estate agent might refer to it as a "pre-qual"), which says that we are working with you to find the best mortgage to meet your situation and that we're confident you will qualify for a mortgage loan for up to a specific amount.

Buying Power

When you locate a house that catches your eye, and you want to make an offer, being pre-qualified for a loan will do a number of things. First, it helps you know how much you're able to offer. Even more important to the seller, your pre-qualification gives them certainty - as if you had come to their home with a bag of cash to make the offer! They won't need to be concerned they are wasting their time if you can't have the ability to qualify for a big enough mortgage. The seller won't be concerned that he can't count on you to qualify for your loan.Your qualifying for your needed loan amount won't cause them concern. They have a virtual guarantee to trust your buying power.

We can help you pre-qualify

When we pre-qualify you, we help you figure out how much of a monthly payment you can afford, and the loan amount you will qualify for. We will achieve this by reviewing your income and debts, your work and housing situations, the available funds for a down payment, required reserves, and other financial considerations. It's short and basic; and we keep the paperwork light.

Face to Face

It is important to sit down and meet with us, even though you are free to also use the helpful mortgage calculator tools on our website. For one thing, you'll want a Pre-Qualification Letter! Next, we can study your mortgage loan options and be sure you are in the best one. Let us help you get started: Contact us at (303) 228-2254.

Have questions about pre-qualifying? Call us at (303) 228-2254. Firelight Mortgage Consultants answers pre-qualifying questions every day.

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