Step One: Pre-Qualification
When contemplating a home purchase the first step for a prospective borrower is going to be the pre-qualification. This is a simple process that can be done over the phone, in person or online in just a matter of minutes. The pre-qual takes into account income, employment and assets as well as a credit review and debt evaluation.
For the pre-qualification I don’t need any hard documentation and all you need to have handy is:
- 2 year employment history
- 2 year address history
- Name, Social Security #, DOB
- Base Income
- Estimate of Asset Balances
I will pull your credit which will list all debts and credit scores.
There is no obligation or cost to the borrower for a pre-qualification and is 100% confidential. It also allows the borrower to determine their purchase price range, what products are available, and improve their credit or borrowing profile previous to a purchase to ensure they receive the best interest rates.
For a quick and confidential pre-qualification please contact me via phone or email.
Patrick Bowers, Mortgage Banker
3077 E. 98th Street, Suite 150
Indianapolis, IN 46280
Cell (317) 258-8334