Shopping for a mortgage loan? We will be glad to assist you! Call us at (317) 595-9600. Want to get started? Apply Here.
Even if you've not so much as picked out houses to view yet, it's advantageous to see your mortgage professional first. Why? What can we do for you if you haven't negotiated a price, and don't know yet how much you need to borrow?
We can help you see how much of a mortgage you can afford, and how much money you will be able to borrow, by taking you through pre-qualifying. This process leads you through your finances - your debts, income, career, and cash available for down payment, among other things. It's a quick, thorough process with minimal risks for papercuts.
At the point you are determined to be eligible, we prove our confidence in your potential to qualify for a mortgage loan by awarding you a Pre-Qualification Letter (also known as a "pre-qual").
Once you locate a house that is best for you, and you want to put together an offer, being pre-qualified for a mortgage loan will do several things. First, it lets you know how much you are able to offer.
Being pre-qualified also will make your offer look even better to the seller, as if you were bringing them a bag full of cash! They won't need to worry that that they have been wasting their time if you do not have the ability to qualify for a high enough mortgage loan. The seller of the home won't wonder if he can trust you to qualify for your mortgage in the amount you'll need.Your qualifying for the necessary mortgage loan amount will not cause them concern. You have the ability to back up your offer.
We will help you with your pre-qualification
We will help you calculate the loan amount you can qualify for and the monthly payment amount you are able to afford by getting you pre-qualified. We accomplish this by analyzing your debts and income, your work and housing circumstances, your available funds for down payment, required reserves, and some other things. We will ask for a minimum amount of paperwork, with a quick process.
You can always use the mortgage calculators available on this website to calculate the size mortgage you can afford - but it's also important to talk with us. For one thing, you will want a Pre-Qualification Letter! For another thing, we might locate a different mortgage loan option that is a better fit for you. We are eager to hear from you: contact us at (317) 595-9600.
Have questions about pre-qualifying? Call us at (317) 595-9600. It's our job to answer pre-qualification questions, so we're happy to help!