Why it's Important to Pre-Qualify
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It can be valuable to visit with a mortgage loan pro early, even if you haven't decided the sort of house to look for. Why? It might be difficult to fathom the ways we could help even before you begin to negotiate.
We Can Help You Pre-Qualify
Our mortgage professionals will help you calculate how much of a loan you can qualify for and the mortgage payment amount you can afford by helping you pre-qualify. We accomplish this by considering your debts and income, your employment and residence situations, the available funds for down payment, required reserves, and some other things. It's a short, thorough process with minimal risks for papercuts.
After you qualify, will present to you a Pre-Qualification Letter (your real estate agent might refer to it as a "pre-qual"), that says that we are partnering with you to find the right loan to meet your needs and that we're confident you will qualify for a loan up to a specific amount.
With your pre-qualification letter, some advantages fall at your feet once you locate the home you want to put together an offer for. First, you have some concrete numbers in mind, as the amount you will qualify for on your mortgage loan.
Of greater importance to the seller, your pre-qualification is like your having walked into their house with a suitcase full of money to make the deal! They will not have to wonder if 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 loan.Your qualifying for the necessary mortgage loan amount will not cause them concern. They have a virtual guarantee that they can trust your buying power.
We will help you with your pre-qualification
We will help you calculate how much of a loan you can qualify for and the mortgage payment amount you are able to afford by getting you pre-qualified. During this process, we calculate your capacity to borrow - looking at your earning status, money available for down payment, debts, income, and other areas. It's short and to the point; and we take pride in keeping the paperwork to a minimum.
Face to Face
While you can use our mortgage calculators on our site, it is essential to meet with one of our mortgage professional team members. That way, we can help you get your pre-qualification letter. Then, we will make sure we have the best mortgage program for you. Let us get you 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.