It's helpful to consult with your mortgage professional as soon as possible — even before you have started researching neighborhoods. What for? It might be hard to fathom the ways we could help even before you begin to talk about prices and negotiations.
We Will Help You Pre-Qualify
When we pre-qualify you, we help you find out the amount in mortgage payments you can fit in your budget, and the size of loan you can qualify for. We do this by reviewing your income and debts, your work and housing circumstances, the funds available for a down payment, required reserves, and other financial considerations. It's quick and to the point; We keep the paperwork light.
We give you a Pre-Qualification Letter after you qualify, that documents that we're confident you can qualify for up to a specific amount of mortgage dollars.
Power in the Pre-Qual
Once you locate a house that is ideal for you, and you decide to make an offer, being pre-qualified for a mortgage will do several things. First of all, you have some definite numbers in mind, as the total you will qualify for with your mortgage. Even more important to the seller, your pre-qualification letter gives them confidence - as if you had entered their house with a big box of cash to make the offer! They need not be concerned they are wasting their time if you can't have the ability to qualify for a high enough mortgage. The seller won't worry if he can trust you to qualify for your mortgage in the amount you will need.Your qualifying for your needed mortgage loan amount won't be something for them to fret over. You have the ability to back up your offer.
We can help you pre-qualify
We will help you calculate how much of a mortgage you can afford, and the amount of money you can borrow, by taking you through pre-qualifying. This process outlines your finances - your debts, income, job, down payment money, among other things. It's short and to the point; and we keep the paperwork to a minimum.
It is vital to sit down and meet with us, even though you are welcome to also try the helpful mortgage calculators on this website. We can walk you through your pre-qualification letter. Next, we can study your mortgage options and make sure you are in the best one. Contact us at 303.727.2466 to get started.
Have questions about pre-qualifying? Call us at 303.727.2466. Paragon Mortgage Services, Inc. answers pre-qualifying questions every day.