Why it's Important to Pre-Qualify
Even if you've not picked out houses to view yet, it's valuable to visit with your mortgage professional first. What for? How can we help you before you have negotiated an amount, and do not yet know how much you need to borrow?
We Can Help You Pre-Qualify
We can help you see how much of a mortgage loan you can afford, and how much money you can borrow, by walking you through pre-qualifying. In this process, we determine your ability to borrow - looking at your earning status, available money for down payment, existing debt, income, and other circumstances. It's short and basic; We take pride in keeping the paperwork to a minimum.
At the point you are considered eligible, we prove our confidence in your capacity to qualify for a loan by presenting you with a Pre-Qualification Letter (also known as a "pre-qual").
Power in the Pre-Qual
After you locate the house that catches your eye, and you want to make an offer, being pre-qualified for a mortgage will do several things. First, it helps you know how much you are able to offer.
Having pre-qualification also will make your offer look even better to the seller, as if you were bringing them a suitcase full of cash! They won't have to wonder if they are wasting their time if you won't be able to be able to qualify for a high enough mortgage. The seller of the home won't worry if he can trust you to qualify for your loan.Your qualifying for your needed loan amount won't be something for them to fret over. You'll have the clout of a buyer ready to make the purchase on the spot!
We can help you pre-qualify
When we pre-qualify you, we help you determine how much of a monthly payment you can afford, and the size of loan you will qualify for. The process outlines your finances - your debt, income, employment, down payment money, among other things. It's quick and basic; and we take pride in keeping the paperwork to a minimum.
Face to Face
While you are encouraged to try our mortgage calculators on our site, it's a good idea to sit down and talk with us. For one thing, you'll need a Pre-Qualification Letter! Next, we can review your mortgage loan choices to make sure you are in the right one. Contact us at 970-625-8686 to get your pre-qualification process started.
Have questions about pre-qualifying? Call us at 970-625-8686. Mac 5 Mortgage answers pre-qualifying questions every day.