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It is helpful to visit with a mortgage loan pro first, even before you have decided what sort of house to search for. What for? When you don't yet know how much home you want to qualify for, how can we help?
Our mortgage professionals can help you calculate how much of a loan you can qualify for and the mortgage payment amount you are able to afford by helping you pre-qualify. We will achieve this by considering your debts and income, your employment and residence circumstances, your available funds for a down payment, required reserves, and other considerations. It is a short, thorough process with minimal risks for papercuts.
We give you a Pre-Qualification Letter if you qualify, which states that we're confident you'll qualify for up to a certain amount of mortgage dollars.
Holding your pre-qualification letter, several advantages are yours at the point you locate the home you want to make an offer on. First, it lets you know how much you're able to offer.
Your pre-qualification also will make your offer more attractive to the home seller, as if you were bringing them a big box of cash! They won't have to wonder if they're wasting their time if you will not have the ability to qualify for a big enough mortgage. The seller of the home won't be concerned that he won't be able to count on you to qualify for your mortgage in the amount you will need.Your qualifying for your needed loan amount won't be something for them to worry about. You have the ability to back up your offer.
We help with your pre-qualification
When we pre-qualify you, we help you find out the amount you can afford in mortgage payments you can fit in your budget, and the size of loan you can qualify for. In the process, we explore your borrowing capacity - looking at your employment, money available for down payment, debt, income, and other areas. We will require a minimum amount of paperwork, and avoid a lengthy process.
One on one
You can always use the mortgage calculators here on our website to get an idea of how much mortgage you'll be able to afford - but it's also valuable to meet with us. For one thing, you'll want a Pre-Qualification Letter! Then, we'll make sure we have the right mortgage program for you. We are waiting to meet with you: call us at (260) 338-2561.
Have questions about pre-qualifying? Call us at (260) 338-2561. VSI Home Lending answers pre-qualifying questions every day.