It can be helpful to visit with a mortgage loan pro first, even if you haven't settled on what sort of home you hope to find. Why? It may be difficult to understand the ways in which we can help even before you start to talk about prices and negotiations.
We Will Help You Prequalify
We can help you calculate how much of a loan you can qualify for and the mortgage payment amount you can afford by getting you pre-qualified. During the process, we determine your borrowing capacity - analyzing your employment, available money for down payment, debts, income, and other areas. We will require a minimum amount of paperwork, and avoid a lengthy process.
At the point you are determined to be eligible, we prove our confidence in your potential to qualify for a mortgage loan by presenting you with a Pre-Qualification Letter (also known as a "pre-qual").
Power in the Pre-Qual
When you locate a house that catches your eye, and you want to put together an offer, being pre-qualified for a loan will do several things. First, it lets you know how much you're able to offer. Even more important to the seller, your pre-qualification letter gives them confidence - as if you'd entered their home with a bag of cash to make the offer! They won't need to be concerned that they have been wasting their time if you can't be able to qualify for a big enough mortgage loan. The seller 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 loan amount won't be something for them to worry about. They have a virtual guarantee that they can trust your ability to back up your offer.
We Will Help You With Your Prequalification
We can help you see how much of a mortgage you can afford, and the amount of money you can borrow, by taking you through pre-qualifying. In the process, we explore your borrowing capacity - looking at your job, available money for down payment, debts, income, and other circumstances. We as for a minimum amount of paperwork, with a short, basic process.
Face to Face
You can always use the mortgage calculators available on this website to calculate how much mortgage you can afford - but it's also valuable to talk with one of our mortgage professionals. We can walk you through your pre-qualification letter. Then, we'll make sure we have the best mortgage loan program for you. Let us get you started: Contact us at (877) 428-6847.
Regulated by: the Division of Real Estate (CO) ∙ the State of Nebraska Department of Banking and Finance (NE) ∙ the Arizona Department of Financial Institutions (AZ) AZ# 0923361 ∙ the Office of the State Bank Commissioner (KS) Kansas Licensed Mortgage Company License No. MC0025226 ∙ the Wyoming Division of Banking (WY) WY# 2277. In Texas we are licensed and operate as 1st FFS, Inc. TX License #1230161. We do business in accordance with the Fair Housing Law and Equal Credit Opportunity Act. – NMLS# 109995