When to Speak to Your Mortgage Pro
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It is important to visit with a mortgage professional early, even if you haven't settled on the sort of house to search for. What for? Perhaps it's difficult to fathom how we could help even before you start to negotiate.
We Will Help You Pre-Qualify
We can help determine how much of a mortgage you can afford, and how much money you may be able to borrow, by taking you through pre-qualifying. In this process, we calculate your capacity to borrow - reviewing your employment, available money for down payment, debt, income, and other areas. We ask for a minimum amount of paperwork, with a quick process.
When you are considered eligible, we document our confidence in your capacity to qualify for a mortgage by awarding you a Pre-Qualification Letter (also called a "pre-qual").
After you find the house that catches your eye, and you decide to make an offer, being pre-qualified for a mortgage will do a couple of things. First, it lets you know how much you're able to offer. Being pre-qualified can also make your offer look even better to the home seller, like you were bringing them a suitcase full of cash! They will not need to worry that that they are wasting their time if you don't qualify for a big enough mortgage loan. The seller of the home won't be concerned that he can't trust you to qualify for your loan. Qualifying for the necessary loan amount will not cause them concern. You'll have the clout of a buyer ready to make the deal right now!
We will help you pre-qualify
Our mortgage professionals can help you calculate the loan amount you can qualify for and the mortgage payment amount you can afford by getting you pre-qualified. During this process, we explore your capacity to borrow - looking at your employment, available money for down payment, debt, income, and other areas. It's short and to the point; and we take pride in keeping the paperwork light.
Face to Face
While you are able to try our tools to calculate mortgage variables on our site, it's essential to meet with us. For one thing, you will need a Pre-Qualification Letter! For another thing, we could find a different mortgage loan option that better fits your needs. Contact us at (608) 372-9222 to get your pre-qualification process started.
Have questions about pre-qualifying? Call us at (608) 372-9222. Affordable Mortgage Financing, LLC. answers pre-qualifying questions daily.