With a pre-approval letter from a Blue Door Mortgage lender, you have a better understanding of what you can finance and it shows you are a serious buyer.
A Quick Pre-Approval Process
We will help you see how much of a mortgage loan you can afford and on what terms by walking you through pre-qualification.
We do this by considering your:
- income and debts
- employment and housing circumstances
- funds available for down payment and required reserves
We keep the paperwork to a minimum and a pre-approval letter can be issued within a day once the required information is provided.
The letter states that a lender has pre-approved you for a certain mortgage amount.
With your pre-approval letter, several advantages are yours once you find the home to buy. You know the mortgage that you can afford, your broker will know what houses to show you, and a prospective seller knows you can purchase the house. The seller does not have to worry that you may not qualify for an appropriate loan.
Discuss Mortgage Options Before Pre-Approval
You can always use the calculators available on this site to get an idea of how much mortgage you will be able to afford – but should you take a 15 or 30 year fixed, or adjustable rate mortgage? Blue Door Mortgage can explain the options so you choose what’s best for you. And, then obtain a pre-approval letter to match your circumstances. To get started, contact us at (617) 527-BLUE(2583), firstname.lastname@example.org.