Why Should I Get a PreQualification Letter?

You won’t go grocery shopping with out knowing how much you can spend, don’t go house hunting with out a pre-qualification letter from a  Colorado state qualified lender.

You should get a pre-qualification letter from a qualified, State of Colorado recognized & licensed mortgage lender. This can be as easy as a phone call. You will be qualified for a certain amount of money and type of loan. This pre-qualification will give you an idea of what kind of property a lender will or won’t lend you money for. For instance if you need an FHA loan the letter will say that, or if the lender won’t lend money on properties over a certain size.  Consult with your bank as one option, then consult with a few lenders to make sure you are getting the loan you need and that you are going to be happy with all the terms of that loan.

Go to DORA Colorado to find license information on qualified lenders within the State of Colorado: http://www.dora.state.co.us/

Published on: Oct 7, 2010 updated Oct 19,2015

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About Dena Stevens (719) 369.9087

Putting the ‘real’ into REALTOR since 2004

Ask about vacant land, ranch land or residential properties.

Loyalty and devotion are things buyers and sellers expect from their Realtor as well as the fiduciary responsibility of due diligence. Dena is a certified Ecobroker, focused on sustainability, energy efficiency and the environment and is a Certified Sales Professional from the Association of Home Builders.

Specialties: A client once said “you put the ‘real’ into REALTOR” to me. I took it as a complement and I’ve been using it ever since, I’m a no nonsense kind of person. I’ve been helping people buy and sell real estate since 2004.
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The Fair Housing Act is a federal act in the United States intended to protect the buyer or renter of a dwelling from seller or landlord discrimination. Its primary prohibition makes it unlawful to refuse to sell, rent to, or negotiate with any person because of that person’s inclusion in a protected class.

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One Response to Why Should I Get a PreQualification Letter?

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