When to Talk to a Mortgage Professional
Are you looking for a new mortgage loan? We will be glad to assist you! Call us at (260) 338-2561. Want to get started? Apply Here.
Even if you have not researched homes to visit yet, it's valuable to contact your mortgage pro early. What for? What can we do for you if you have not negotiated a purchase amount, and do not know yet the amount you want to borrow?
We Can Help You Pre-Qualify
When we pre-qualify you, we help you find out how much of a monthly mortgage payment you can afford, and how much we of a loan you can qualify for. We can achieve this by reviewing your debts and income, your work and residence circumstances, your available funds for down payment, required reserves, and some other things. It's a quick, thorough process with minimal risks for papercuts.
At the point you are determined to be eligible, we document our confidence in your potential to qualify for a mortgage by giving you a Pre-Qualification Letter (also known as a "pre-qual").
Holding your pre-qualification letter, several advantages fall at your feet once you locate the house you want to make an offer for. First, it helps you know how much you're able to offer.
Even more important to the present owner, your pre-qualification status gives them certainty - as if you'd arrived at their home with a big box of cash to make the offer! They will not need to wonder if that 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 count on you to qualify for your loan.Your qualifying for your needed loan amount won't cause them concern. They have a virtual guarantee that they can trust your buying power.
We will help you pre-qualify
When we pre-qualify you, we help you decide how much of a monthly mortgage payment you can fit in your budget, and how much we of a loan you will qualify for. During this process, we explore your capacity to borrow - reviewing your employment, available money for down payment, debts, income, and other areas. It's short and to the point; and we take pride in keeping the paperwork light.
While you are able to use our tools to calculate mortgage variables on our website, it will be a good idea to meet with us. That way, we'll help you get your pre-qualification letter. For another thing, we might locate a different mortgage program that fits your goals better. Contact us at (260) 338-2561 to get started.
Have questions about pre-qualifying? Call us at (260) 338-2561. We answer pre-qualification questions every day.