Looking for a mortgage loan? We'd be thrilled to discuss our many mortgage solutions! Call us at (860) 658-7100. Ready to get started? Apply Here.
Even if you haven't so much as narrowed down homes to visit yet, it can be advantageous to see your mortgage professional early. Why? What can we do for you if you haven't made your offer, and do not know yet how much you need to borrow?
We will help determine how much of a mortgage you can afford, and how much money you may be able to borrow, by walking you through pre-qualifying. During this process, we explore your ability to borrow - reviewing your job, available money for down payment, existing debt, income, and other areas. We ask for a minimum amount of paperwork, with a quick process.
We'll award you a Pre-Qualification Letter if you qualify, that says that we're confident you'll qualify for up to a specific amount of mortgage dollars.
After you find the house that is best for you, and you want to make an offer, being pre-qualified for a mortgage will do a couple of things. First, it helps you know the amount that you're able to offer.
Of greater importance to the current home owner, your pre-qualification is like your having walked into their front door with a bag full of cash ready to purchase their home! They need not wonder if that they're wasting their time if you can't be able to qualify for a high enough mortgage. The seller won't be concerned that he can't trust you to qualify for your loan.Your qualifying for the necessary mortgage loan amount will not be something for them to lose sleep over. You will have the influence of a buyer ready to make the purchase on the spot!
We will help you with your pre-qualification
We will help you see how much of a mortgage loan you can afford, and the amount of money you will be able to borrow, by taking you through the pre-qualification process. We can accomplish this by analyzing your debts and income, your employment and housing situations, the available funds for a down payment, required reserves, and other considerations. We will require a minimum amount of paperwork, and avoid a lengthy process.
One on one
You can certainly use the mortgage calculators here on this site to get an idea of how much mortgage you can afford - but it's also valuable to talk with us. That way, we'll help you get your pre-qualification letter. Next, we can consider your mortgage program choices and be sure you have found the best one. We are waiting to hear from you: contact us at (860) 658-7100.
Have questions about pre-qualifying? Call us at (860) 658-7100. We answer pre-qualification questions every day.