The Importance of Pre-Qualification
It is helpful to see a mortgage loan pro early, even before you've decided the kind of house to search for. What for? What can we do for you if you haven't negotiated a purchase amount, and do not know yet how much you want to borrow?
We can help you find out the loan amount you can qualify for and the monthly mortgage payment amount you are able to afford by helping you pre-qualify. This process outlines your finances - your debts, income, career, and cash available for down payment, among other things. It's quick and basic; We take pride in keeping the paperwork light.
When you are considered eligible, we prove our confidence in your ability to qualify for a loan by presenting you with a Pre-Qualification Letter (also known as a "pre-qual").
After you find the house that is ideal for you, and you want to put together an offer, being pre-qualified for a mortgage will do a couple of things. First of all, you have some concrete numbers in mind, as the total you will qualify for on your loan.
Your pre-qualification can also make your offer look even better to the seller, like you were bringing them a suitcase full of cash! They need not wonder if they are wasting their time if you can't be able to qualify for a high enough mortgage. The seller of the home won't be concerned that he can't count on you to qualify for your mortgage in the amount you will need.Your qualifying for your needed mortgage loan amount will not cause them concern. You have the ability to back up your offer.
We will help you pre-qualify
We can help determine how much of a mortgage loan you can afford, and how much money you may be able to borrow, by walking you through pre-qualifying. During this process, we determine your borrowing capacity - analyzing your employment, available money for down payment, existing debt, income, and other circumstances. We require a minimum amount of paperwork, with a short, basic process.
One on one
While you are encouraged to benefit from our mortgage calculators on this website, it is essential to meet with us. For one thing, you will want a Pre-Qualification Letter! For another thing, we may be able to find a different mortgage loan option that fits your needs better. Let us get you started: Call us at 307-732-3053.
Have questions about pre-qualifying? Call us at 307-732-3053. It's our job to answer pre-qualification questions, so we're happy to help!