When to Talk to a Mortgage Professional
Shopping for a mortgage loan? We can help! Call us at 608-592-5600. Want to get started? Apply Now.
It is valuable to see a mortgage loan pro first, even if you haven't settled on what type of home you hope to find. What for? How can we help if you have not negotiated a price, and don't yet know the amount you need to borrow?
We can help you determine the loan amount you can qualify for and the monthly mortgage payment amount you are able to afford by helping you pre-qualify. We will achieve this by considering your income and debts, your employment and housing situations, the funds available for a down payment, required reserves, and some other things. It's quick and to the point; We keep the paperwork to a minimum.
After you qualify, will give you a Pre-Qualification Letter (your real estate agent might refer to it as a "pre-qual"), which says that we are helping you to find the right mortgage loan to fit your financial needs and that we're confident you'll qualify for a mortgage for a certain amount.
Power in the Pre-Qual
When you locate the house that catches your eye, and you want to put together an offer, being pre-qualified for a loan will do a couple of things. The first is that you will know what you can afford when calculating the offer.
Even more important to the seller, your pre-qualification gives them confidence - as if you had entered their house with a bag of cash to make the offer! They need not be concerned that they're wasting their time if you do not be able to qualify for a big enough mortgage loan. The seller won't wonder if he can count on you to qualify for your loan.Your qualifying for your needed mortgage loan amount will not be something for them to worry about. You have the sway of a buyer ready to make the deal on the spot!
We can help you pre-qualify
We can help you calculate how much of a mortgage loan you can afford, and how much money you will be able to borrow, by taking you through pre-qualifying. This process outlines your finances - your debts, income, job, cash available for down payment, among other things. It's quick and basic; and we keep the paperwork to a minimum.
Face to Face
While you can try our tools to calculate mortgage variables on this website, it will be essential to meet with one of our mortgage professional team members. That way, we will help you get your pre-qualification letter. Next, we can study your mortgage choices and make sure you are in the best one. Contact us at 608-592-5600 to get your pre-qualification process started.
Have questions about pre-qualifying? Call us at 608-592-5600. We answer pre-qualification questions every day.