Why it's Important to Pre-Qualify
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It's important to bring in your mortgage professional as soon as possible — even before you have started to consider neighborhoods. Why? If you don't know yet how much house you want to qualify for, how can we help?
When we pre-qualify you, we help you figure out the amount in monthly mortgage payments you can afford, and how much we of a loan you can qualify for. We will achieve this by reviewing your debts and income, your employment and residence circumstances, your funds available for down payment, required reserves, and some other things. It's a quick, thorough process with minimal risks for papercuts.
When you qualify, will present to you a Pre-Qualification Letter (your real estate agent might call it a "pre-qual"), which documents the fact 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 loan for a specific amount.
Power in the Pre-Qual
Various beneifits open to you when you have found your next house, and have achieved pre-qualification. First, it lets you know how much you can offer.
Even more important to the existing owner, your pre-qualification letter gives them certainty - as if you'd arrived at their home with a big box of cash to make the offer! They will not need to be concerned that they have been wasting their time if you don't have the ability to qualify for a high enough mortgage. The seller won't worry if he can count on you to qualify for your loan.Your qualifying for the necessary mortgage loan amount will not cause them concern. You have the ability to back up your offer.
We will help you pre-qualify
We will help you see how much of a mortgage you can afford, and the amount of money you will be able to borrow, by walking you through the pre-qualification process. We can achieve this by reviewing your income and debts, your work and housing situations, the available funds for down payment, required reserves, and other considerations. It is a short, thorough process with minimal risks for papercuts.
One on one
While you are able to try our tools to calculate mortgage variables on this site, it is essential to sit down and talk with one of our mortgage professional team members. That way, we'll be able to help you get your pre-qualification letter. Then, we can make sure we have the ideal mortgage loan program for your situation. Contact us at (303) 228-2254 to get your pre-qualification process started.
Have questions about pre-qualifying? Call us at (303) 228-2254. We answer pre-qualification questions every day.