In the market for a mortgage? We will be glad to assist you! Give us a call at (860) 658-7100. Ready to get started? Apply Now.
Even if you've not picked out homes to visit yet, it's important to visit with your mortgage pro early. What for? How can we help before you have negotiated an amount, and do not know yet how much you need to borrow?
We Will Help You Pre-Qualify
When we pre-qualify you, we help you decide the amount in monthly payments you can afford, and the size of loan you can qualify for. This process outlines your current financial situation - your debt, income, employment, and down payment money, among other things. We will ask for a minimum amount of paperwork, with a short,basic process.
After you are determined to be eligible, we will prove our confidence in your potential to qualify for a loan by giving you a Pre-Qualification Letter (also known as a "pre-qual").
Power in the Pre-Qual
Armed with your pre-qualification letter, a number of advantages are yours at the point you find the home you want to make an offer on. The first is that you'll be sure the amount you'll be able to afford when putting together the offer.
Even more important to the seller of the home, your pre-qualification status gives them certainty - as if you'd arrived at their house with a big box of cash to back up the offer! They will not need to be concerned that they have been wasting their time if you won't be able to have the ability to qualify for a high enough mortgage. The seller of the home won't be concerned that he won't be able to trust you to qualify for your loan.Your qualifying for the necessary loan amount will not be something for them to lose sleep over. You have the ability to back up your offer.
We will help you pre-qualify
We can 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. We accomplish this by reviewing your income and debts, your employment and housing situations, the funds available for down payment, required reserves, and other considerations. We as for a minimum amount of paperwork, with a short, basic process.
One on one
You can always use the calculators here on our website to get an idea of how much mortgage you'll be able to afford - but it's also valuable to talk with one of our mortgage professionals. That way, we'll be able to help you get your pre-qualification letter. For another thing, we may locate a different mortgage option that fits your needs better. Let us get you started: Call us at (860) 658-7100.
Have questions about pre-qualifying? Call us at (860) 658-7100. Ward Kilduff Mortgage answers pre-qualifying questions every day.