Home Loan Pre-Approvals: Fast & Easy. No Stress. No Hassle.
The home loan process can be very complicated and confusing.
I’ll be the first to admit…
Buying a home can be scary and exciting all at the same time.
Purchasing a home and getting a mortgage is the biggest financial decision most people will ever make in their lifetime.
It’s no surprise…
The American Dream of homeownership is very much alive today.
The problem?
It’s that the home-buying process can be a bit daunting.
But most importantly…
We realized that something needed to change so more people could enjoy their own home.
That’s why we created our worry-free loan program.
The good news is when you work with us we make the entire process easy and simple.
In this article, I’ll show you how to get pre-approved for a home loan… the easy way.
But What Exactly Does a Pre-Approval for a Home Loan Mean?
A pre-approval is a process where a lender will look at your credit report and your finances. Then, they’ll determine whether you’re qualified to borrow the money.
But, don’t worry…
Our mortgage brokers can handle the entire process of your pre-approval for you.
But let’s face it…
If you’ve been looking for a way to save time and money when buying a home… then you should consider using our pre-approval process.
Equally important, this process is a great way to find out how much money you can borrow… without applying for a loan.
We can help you get pre-approved for your home loan!
Are You Concerned About Getting a Home Loan with Bad Credit?
Okay, you’re probably wondering how you can qualify for a home loan when you don’t have good credit.
But don’t give up…
If you have bad credit, getting pre-approved for a mortgage may still be possible.
However, you may need to pay a higher interest rate.
In fact, if you don’t have a good credit score, you can contact one of our mortgage brokers, who will help you apply for a loan, even with a lower credit score.
In addition, they can also provide credit advice and information on how to improve your score.
I Don’t Have 20% For a Downpayment: What Are My Options For a Home Loan?
For the most part, many home buyers assume you will have to spend considerable money on a down payment to get a home loan.
The good news is…
This couldn’t be further from the truth.
Even though…
You might not be able to put 20% down.
There’s no need to despair…
We offer programs, where you can put down as little as 3.5% with a low-down-payment mortgage.
In addition to that…
In some cases, you can even get a mortgage with no down payment at all.
According to the National Association of Realtors, more than 75% of homebuyers use a mortgage broker to get a home loan. In fact, many of these brokers can save their clients money by doing all the legwork required to get a home loan approved.
Any Expert Will Agree…
It’s a good idea to shop around before you decide on a loan program. In addition, it would be best to compare loan programs and rates before deciding.
You should also make sure you can afford your loan’s monthly payments.
Our mortgage brokers can do all the work and shop your loan for you.
And, they get you the best loan and terms to meet your needs.
A person may not know all the ins and outs of the mortgage business.
And it’s okay.
Because our professional team of mortgage brokers has you covered, they are knowledgeable about all phases of the industry.
And they work for you and have your best interest in mind.
No Obligation, No Pressure, Just The Best Advice On How Much You Can Borrow And What Your Monthly Repayments Are!
Getting pre-approved is a pretty straightforward process with our brokers.
When you get pre-approved, you can then start looking at homes available for you to view.
The best way to determine how much you can borrow and your monthly repayments are to get a mortgage broker to do a free valuation.
They will walk you through all the steps, from getting pre-qualified to getting your mortgage.
For instance, your mortgage broker will handle the following:
- Walk you through filling out the application.
- Go over the basic requirements for a pre-approval letter.
- Review your credit report, financial situation, and debt-to-income ratios.
- Go over the documents you need to provide for a pre-approval.
- Present your applications to the lender.
- Take out all the stress from the process.
After the lender does a soft credit check, which does not impact your credit score, the lender will decide on your pre-approval.
Remember a pre-approval letter does not guarantee your mortgage for the approved amount.
FAQ: Our Customer’s Also Want to Know…
How much credit do you need to buy a house in Colorado?
You must have a credit score of at least 620. However, there can be exceptions if your score is lower. Your FICO score, debt-to-income ratio, and income can all affect getting approved for a home mortgage.
It’s best to contact us, and let’s look at your financials and see how we can help you.
Is 5.3% a high mortgage rate?
As of February 2023, an interest rate of 5.3% is reasonable. A 30-year mortgage is in the 6% range. At the same time, a 15-year fixed-rate loan is running in the 5% range.
What's the minimum down payment for a house in Colorado?
The good news is that even though some different programs are available to help you buy a home, it doesn’t mean you have to pay a ton of money upfront. Usually, you’ll need at least 3.5% of the home price for a down payment. In addition, we have down payment assistance programs available.
These programs can be a great way to get into a home without much cash.
What is the easiest home loan to qualify for?
FHA loans require the lowest credit score to qualify. That’s the reason they are the easiest. They are far lower than a conventional loan and require only a 3.5% down payment.
How do you get approved for a home loan in Colorado?
There are five factors that affect your ability to get approved for a mortgage:
- Your work history.
- Your credit score.
- The condition and value of the home.
- Your debt-to-income ratio.
- The amount of your down payment.
Contact us today and let us help you get your dream home.
What is the current interest rate for mortgages in Colorado?
The current interest rate for mortgages in Colorado are:
Now you can have your dream home…
Getting pre-approved for your home loan is the first step to moving into your new home.
The best way to get pre-approved is by using a mortgage broker.
They will compare several lenders and pick the one best suited to your needs and terms.
In addition, you’ll save time and money on the application process and get a personalized rate tailored to your financial situation.
Above all, our brokers are prompt and will handle everything for you.
And the best part is…
That means you won’t have to spend time going to different banks, filling out applications, or waiting for approval.
Instead, the broker will gather all the necessary information and send it to the lenders.
Next… they’ll contact the lender and let them know you’re ready to go.
Did you know?
Using a mortgage broker, you can save $9,000 or more of fees and interest on a 30-year mortgage.
I recommend contacting us today if you’re ready to get pre-approved for a mortgage.
Most importantly, we’ll do all the work for you.
Let’s keep the flame of home ownership alive.
Because NOTHING can replace how good owning your home feels.
The good news?
We’re here to help you get your new home.
If you have any questions, ask one of our mortgage brokers.
Let’s make this happen.
We are knowledgeable at problem-solving, and you’ll love our excellent customer service.
You can reach us at 303-761-8045 or email us.
P.S. In case you’re one of the people (like me) who skims to the P.S. before you read the page, here’s what this is about:
- Why you want to get pre-approved and what it means.
- Don’t let bad credit stop you from getting your home.
- Why it makes sense to work with a mortgage broker.
- Plus lots more…
Get pre-approved for your new home today.
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