Bill discusses how he helps his clients qualify for mortgages easily.
Listen to the interview on the Business Innovators Radio Network:
Mortgage prequalification is the 1st step of the home-buying process. By getting prequalified, buyers know exactly how much mortgage they can afford and whether they’re able to get a mortgage at all. The mortgage prequalification process is pretty simple and can be done quickly with the help of an online mortgage calculator.
Here’s how to get started:
- Buyers must know their credit score and credit history. Before thinking about applying for a mortgage, buyers must have a clear understanding of their credit score and credit history. A credit score is a number that represents creditworthiness and is used by lenders to determine whether or not the borrower is a good candidate for a loan. The higher the credit score, the better the chances of getting approved for a mortgage.
- Know monthly income and expenses. Another important factor that lenders will consider when determining whether or not to approve a mortgage is the monthly income and expenses. Be sure to clearly understand both before beginning the mortgage prequalification process.
- Use an online mortgage calculator. Once buyers clearly understand their credit score, credit history, and monthly income and expenses, they’re ready to begin using an online mortgage calculator. This tool will help them determine how much mortgage they can afford based on these factors.
- Get prequalified by a lender. After using an online mortgage calculator to determine how much mortgage buyers can afford, it’s time to get prequalified by a lender. This simply means that they provide the lender with some basic information about their financial situation and estimate how much mortgage they’re willing to provide.
By following these simple steps, buyers can easily qualify for a mortgage and get one step closer to owning their dream home.
Bill Schaeffer says: “You’ve heard the horror stories…how hard it is to qualify, the mounds of paperwork you have to provide, the difficulties and delays…not to mention the fighting, shopping, and haggling to get a good rate. When you’re ready, the next step in getting a low-rate mortgage made easy is to contact me so we can review your unique situation and make sure that you get a low-rate mortgage without the stress and hassle that’s normally associated with it. It’s easy to reach me – feel free to call me direct or if you prefer you can email me. Either way, I’m here to make the experience of getting a mortgage a good one for you. Whether you need the mortgage to buy a home or are looking to refinance for a better rate or some cash out of your property, I can help.”
Client Melanie S. says: “Bill is a true professional. I’ve applied for many mortgages, and this was by far the easiest I’ve ever experienced. Bill provided clear communication and was true to his word.”
Client Mandi M. says: “Bill is fantastic to work with! He explains every step of the process in detail and is always there to ease your mind and answer any questions. He is working for the client’s best interest! Definitely will work with him again!”
About Bill Schaeffer
Bill enjoys the Colorado lifestyle, and being true to life, his family, friends, and clients. He loves the Broncos and he bleeds Orange and Blue.
He enjoys spending time with his wife, and dogs, and friends, and helping his clients in the mortgage business.