Why it's Important to Pre-Qualify
Are you looking for a mortgage loan? We'd be thrilled to discuss your mortgage needs! Give us a call today at (260) 338-2561. Ready to begin? Apply Here.
It's important to bring in your mortgage loan professional early — even before you have started to research neighborhoods. Why? How can we help you if you have not made an offer, and don't know yet how much you want to borrow?
We Will Help You Pre-Qualify
We can help determine how much of a mortgage you can afford, and the amount of money you may be able to borrow, by walking you through the pre-qualification process. We do this by analyzing your debts and income, your work and housing situations, the funds available for a down payment, required reserves, and other financial considerations. We will require a minimum amount of paperwork, with a short,basic process.
We will give you a Pre-Qualification Letter once you qualify, that documents that we're confident you will qualify for a certain amount of mortgage dollars.
With your pre-qualification letter, some advantages are yours when you find the home you want to put together an offer for. The first is that you can know what you can afford when calculating the offer.
Even more important to the existing owner, your pre-qualification letter gives them confidence - as if you'd come to their house with a bag of cash to make the offer! They won't have to wonder if they are wasting their time if you do not be able to qualify for a big enough mortgage. The seller of the home won't be concerned that he won't be able to trust you to qualify for your loan.Your qualifying for your needed mortgage loan amount won't cause them concern. They have a virtual guarantee to trust your ability to back up your offer.
We can help you pre-qualify
Our mortgage professionals will help you determine 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 can accomplish this by reviewing your debts and income, your work and residence circumstances, your funds available for a down payment, required reserves, and some other things. It's a quick, thorough process with minimal risks for papercuts.
One on one
While you are encouraged to try our mortgage calculators on this site, it will be a good idea to sit down and talk with one of our mortgage professional team members. That way, we will help you get your pre-qualification letter. Next, we can consider your mortgage program options to be sure you have found the best one. Contact us at (260) 338-2561 to get your pre-qualification process started.
Have questions about pre-qualifying? Call us at (260) 338-2561. It's our job to answer pre-qualification questions, so we're happy to help!