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It's valuable to bring in your mortgage loan professional as soon as possible — even before you've started to consider neighborhoods. Why? Maybe it is hard to understand the ways we could help even before you begin to talk about prices and negotiations.
We Can Help You Pre-Qualify
When we pre-qualify you, we help you find out how much of a monthly payment you can fit in your budget, and the size of loan you can qualify for. The process outlines your finances - your debts, income, career, and cash available for down payment, among other things. It's a short, thorough process with minimal risks for papercuts.
We give you a Pre-Qualification Letter after you qualify, that says that we're confident you will qualify for up to a certain amount of mortgage dollars.
Power in the Pre-Qual
Several advantages open to you once you find your next house, and have achieved pre-qualification. First of all, you have some general numbers in mind, as the total you will qualify for with your mortgage loan.
Even more important to the present owner, your pre-qualification gives them confidence - as if you'd entered their home with a bag of cash to back up the offer! They won't need to worry that they're wasting their time if you can't have the ability to qualify for a high enough mortgage loan. The seller of the home won't wonder if he can trust you to qualify for your mortgage in the amount you'll need.Your qualifying for your needed loan amount won't be something for them to lose sleep over. You'll have the clout of a buyer ready to make the deal on the spot!
We can help you pre-qualify
We will help you calculate how much of a mortgage you can afford, and how much money you can borrow, by walking you through pre-qualifying. The process takes you through your current financial situation - your debt, income, career, cash available for down payment, among other things. It's quick and basic; and we keep the paperwork light.
One on one
You can always use the calculators here on our website to get an idea of how much mortgage you'll be able to afford - but it's also essential to talk with us. We can walk you through your pre-qualification letter. For another thing, we could locate a different mortgage loan option that is a better fit for you. 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.