When to Speak to a Mortgage Professional
Shopping for a mortgage loan? We'll be glad to answer your questions about your mortgage needs! Give us a call at 608-592-5600. Ready to get started? Apply Now.
Even if you haven't picked out houses to visit yet, it is valuable to see your mortgage loan professional early. What for? What can we do for you before you have made your offer, and don't yet know how much you want to borrow?
When we pre-qualify you, we help you determine how much of a monthly mortgage payment you can fit in your budget, and the loan amount you will qualify for. We accomplish this by analyzing your debts and income, your employment and residence situations, the funds available for a down payment, required reserves, and other considerations. We will ask for a minimum amount of paperwork, and avoid a lengthy process.
We give you a Pre-Qualification Letter after you qualify, which documents that we are confident you will qualify for a certain amount of mortgage loan dollars.
A number of beneifits open to you once you've found your new house, and have achieved pre-qualification. First, it helps you know how much you're able to offer.
Even more important to the current owner, your pre-qualification status gives them certainty - as if you'd arrived at their house with a suitcase of cash to make the offer! They need not be concerned that they have been wasting their time if you do not be able to qualify for a high enough mortgage. The seller won't worry if he can count on you to qualify for your mortgage in the amount you will need.Your qualifying for the necessary loan amount will not cause them concern. They have a virtual guarantee to trust your ability to back up your offer.
We will help you with your pre-qualification
We can help you see how much of a mortgage you can afford, and how much money you may be able to borrow, by taking you through pre-qualifying. We can achieve this by reviewing your debts and income, your employment and housing circumstances, your available funds for down payment, required reserves, and other considerations. It is a short, thorough process with minimal risks for papercuts.
Face to Face
It's important to sit down and talk with us, even though you are welcome to also use the helpful mortgage loan calculator tools on this website. We can work toward your pre-qualification letter. Then, we can make sure we have selected the ideal mortgage program for your situation. We're eager to hear from you: contact us at 608-592-5600.
Have questions about pre-qualifying? Call us at 608-592-5600. It's our job to answer pre-qualification questions, so we're happy to help!