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It is important to visit with a mortgage loan pro first, even if you haven't decided what sort of house you hope to find. Why? If you do not know yet how much home you want to qualify for, what could we help you with?
We can help you determine the loan amount you can qualify for and the monthly mortgage payment amount you are able to afford by helping you pre-qualify. The process takes you through your finances - your debts, income, employment, and cash available for down payment, among other things. It's short and basic; We keep the paperwork light.
We will give you a Pre-Qualification Letter after you qualify, which states that we're confident you'll qualify for a specific amount of mortgage dollars.
Power in the Pre-Qual
Several beneifits open to you when you have found your new house, and have achieved pre-qualification. The first is that you will know the amount you will be able to afford when putting together your offer.
Even more important to the seller of the house, your pre-qualification gives them certainty - as if you'd come to their home with a bag of cash to back up the offer! They won't need to worry that that they're wasting their time if you can't have the ability to qualify for a high enough mortgage. The seller won't wonder if he can trust you to qualify for your mortgage in the amount you'll need.Your qualifying for the necessary mortgage loan amount won't be something for them to lose sleep over. You have the capability to back your offer up.
We help with your pre-qualification
When we pre-qualify you, we help you decide how much of a monthly mortgage payment you can fit in your budget, and the size of loan you can qualify for. We can achieve this by considering your debts and income, your work and housing circumstances, the available funds for a down payment, required reserves, and some other things. It's quick and to the point; and we take pride in keeping the paperwork to a minimum.
Face to Face
While you can try our mortgage calculators on this site, it's a good idea to sit down and talk with us. We can work toward your pre-qualification letter. For another thing, we could be able to find a different mortgage choice that fits your situation better. We are waiting to hear from you: contact 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.