Buying a home is a huge milestone in life and a major decision. Most likely, purchasing a home will be one of the biggest investments that you will make during your lifetime. Other investments, such as buying a car, pale in comparison to the investment that you will make in your home. Unless you are a master mechanic, your car will not last you more than fifteen years, but you could possibly live in your home for the rest of your life. The majority of homeowners simply do not have the capital on hand to purchase a home outright, which is why they will need to obtain a mortgage. Our independent mortgage brokers at Scout Mortgage can help you find the right mortgage for your budget and lifestyle. Not only do we help you pre-qualify for a loan, but we can also help you procure a new mortgage or refinance as well. Today, we would like to talk about mortgage pre-qualification.

How To Obtain Pre-Qualification

The good news is that it’s easy to pre-qualify for a mortgage. Our mortgage specialists will need the following information:

  1. Your current gross income
  2. A two year history of where you have worked and lived
  3. Details regarding funds to be used as a down payment
  4. Minimum payments on current debt obligations
  5. Anticipated purchase price on the new home
  6. A mortgage payment amount that you can live with

The Benefits of Pre-Qualification

Some of you first time homeowners might be pleasantly surprised to find that you can purchase more than you originally thought. Our mortgage brokers in Scottsdale want to help make your dream of owning a home a reality. The first step to achieving this goal is to pre-qualify for a mortgage.

Why Scout Mortgage?

When shopping for mortgages, you have two different options: you can use a mortgage broker or you can use a mortgage lender. Mortgage lenders work directly for a financial institution, but mortgage brokers work independently and they work with several different financial institutions. If you decide to use a mortgage lender, you will go through a lengthy application process simply to apply for a loan for just one bank. However, our mortgage specialists at Scout Mortgage do all the complicated paperwork for you and we send out applications to a variety of different financial institutions. This ensures that you find the best loan rates and options available.

For almost twenty years, the independent mortgage brokers at Scout Mortgage have helped thousands of people buy new homes or refinance their current loans. Unlike other mortgage brokers out there, we are salary-based to ensure that we get paid the same regardless of which loan you choose. When you choose Scout Mortgage, your entire mortgage process is seamless and hassle-free. We understand that you want the right mortgage and you want to obtain it in a timely manner in order to finally purchase the home of your dreams. Our mortgage specialists at Scout Mortgage will help you find the absolute lowest closing costs available.