Going through the loan process.

No one’s born understanding mortgages. At First Western Mortgage, it’s our goal to help you understand the process thoroughly and comprehensively. Because when you understand how mortgages work, you get the right loan for you. Especially with First Western Mortgage guiding the way.

STEP #1: Determining How Much You Can Afford.

The loan process begins with “pre-qualification.” That means determining how much money you should be able to borrow based on your income. By pre-qualifying, you’ll have a much better idea of the price range of houses you can buy. With the answers to a few questions, a First Western Mortgage representative can tell you the amount you are pre-qualified to borrow.

Here’s what you’ll need to provide:

• Length of employment at current job.
• Gross monthly income.
• Current homeowner or renter status.
• If you plan to sell your current home before purchasing a new one.
• Monthly payment total on your credit cards, vehicles and other loans.
• Your credit score (if available).

A pre-qualification does not mean that your loan will be automatically approved. It’s meant to give you a general idea of how much money you may be eligible to borrow.