When to Speak to a Mortgage Professional
Shopping for a mortgage loan? We can help! Give us a call today at (260) 338-2561. Want to get started? Apply Here.
Even if you have not picked out houses to view yet, it's advantageous to contact your mortgage pro early. What for? How can we help if you haven't negotiated a price, and don't know yet how much you want to borrow?
We Can Help You Pre-Qualify
We will help you calculate how much of a mortgage you can afford, and the amount of money you may be able to borrow, by taking you through the pre-qualification process. In the process, we look at your ability to borrow - reviewing your job, available money for down payment, debts, income, and other circumstances. It's short and basic; We keep the paperwork to a minimum.
After you qualify, we give you a Pre-Qualification Letter (your real estate agent may call it a "pre-qual"), that states that we are helping you to find the right mortgage to meet your situation and that we are confident you will qualify for a loan up to a specific amount.
With your pre-qualification letter, several advantages are yours once you find the home you want to put together an offer on. The first is that you'll know what you'll be able to afford when putting together the offer.
Of greater importance to the seller, your being pre-qualified is like your having entered their house with a bag full of cash to make the deal! They won't need to be concerned they're wasting their time if you do not be able to qualify for a high enough mortgage loan. The seller won't worry if he can trust you to qualify for your mortgage in the amount you'll need.Your qualifying for your needed mortgage loan amount will not cause them concern. You have the ability to back your offer up.
We can help you pre-qualify
We can help you see how much of a mortgage loan you can afford, and the amount of money you may be able to borrow, by taking you through the pre-qualification process. We can achieve this by considering your income and debts, your employment and residence situations, your available funds for down payment, required reserves, and some other things. It's short and basic; and we take pride in keeping the paperwork to a minimum.
It's important for you to sit down and talk with us, even though you are free to also try the helpful mortgage calculators on our website. For one thing, you will need a Pre-Qualification Letter! Then, we can make sure we have chosen the right mortgage program for your situation. Contact us at (260) 338-2561 to get 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!