Why it's Important to Pre-Qualify

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It's important to visit with a mortgage loan pro early, even if you haven't settled on what sort of house to look for. What for? When you do not know yet how much house you need to qualify for, how could we help?

Pre-Qualify

When we pre-qualify you, we help you decide how much of a monthly payment you can fit in your budget, and the loan amount you can qualify for. In the process, we determine your borrowing capacity - reviewing your employment, money available for down payment, debts, income, and other areas. We require a minimum amount of paperwork, with a short,basic process.

We will give you a Pre-Qualification Letter if you qualify, that says that we are confident you will qualify for up to a certain amount of mortgage loan dollars.

Power in the Pre-Qual

After you locate a house that meets your needs, and you decide to put together an offer, being pre-qualified for a mortgage will do several things. The first is that you'll know the amount you can afford when determining your offer. Being pre-qualified can also make your offer look even better to the seller, as if you were bringing them a big box of cash! They will not have to be concerned they're wasting their time if you don't be able to qualify for a big enough mortgage loan. The seller won't worry if he can count on you to qualify for your loan.Your qualifying for the necessary loan amount won't cause them concern. They have a virtual guarantee that they can trust your buying power.

We will help you pre-qualify

When we pre-qualify you, we help you find out how much of a monthly mortgage payment you can afford, and the loan amount you will qualify for. During the process, we look at your borrowing potential - reviewing your job, money available for down payment, debts, income, and other circumstances. It's a quick, thorough process with minimal risks for papercuts.

One on one

It is vital to sit down and meet with us, even though you are free to also try the helpful mortgage loan calculator tools on our site. For one thing, you will need a Pre-Qualification Letter! Then, we can make sure we have found the right mortgage program for you. Contact us at (859) 240-1231 to get your pre-qualification process started.

Have questions about pre-qualifying? Call us at (859) 240-1231. Innovative Home Loans, LLC answers pre-qualifying questions every day.