Frequently Asked Questions

Locally Owned & Operated with

over 7 Years in the Financial Industry!

Mortgage Lending with Integrity.

Colorado living starts here:

Frequently Asked Questions

Q. What is the difference between "pre-qualified" and "pre-approved"?

A. If a buyer is "pre-qualified" it has been determined, with a loan officer, what price the buyer can afford based on the down payment, percent to debt ratio, and the amount the mortgage company will allow. Being "pre-qualified" gives the buyer an understanding of how much house you can afford. Being "pre-approved" the buyers credit, employment, and funds have approved by the mortgage lender.

Q. What information is available to me in a listing brochure?

A. Location, photo, price, utilities, amenities, annual property tax, listing company, square footage, schools, and (if applicable) bedrooms/garage/loft etc.

Q. Are there options available to me if I don't have enough money for the down payment?

A. YES!

Q. Do I have to buy the home at the listing selling price?

A. Not always, all prices are negotiable.

Helpful Links

VA Loans

Mortgage Calculator

Other questions? Please e-mail me.

Stonehenge Financial Inc. established 1997

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