Cygnus Real Estate - Denver :: Homes For Sale :: Free Home Search :: Real Estate Brokers

Mortgage Pre-qualification

Buying a home can be an enriching experience. But, it can also be frustrating if you waste time looking at homes you can't afford. Do yourself a favor and find out how much home you can afford before you start looking.

Three factors will determine your price range. The first is the amount of cash you have for a down payment and closing costs. The second is the size of the mortgage you can qualify for. The final factor is how much you want to pay.

Although some buyers can pay all cash, most must borrow a mortgage from a lender to finance their home purchase. To qualify you for a mortgage, a lender will analyze your financial situation, including your credit history, to make sure that you are a good credit risk.

The easiest way to find out what size mortgage you qualify for is to talk to a lender or mortgage broker. To find a good lender or mortgage broker, ask friends who purchased or refinanced a home recently for recommendations. You may want to talk with several people. There's no obligation to use the person you initially speak with.

New Mortgage Form

This form is being completed by:

Borrower
Realtor/Affiliate
Mortgage Broker
Financial Advisor
Other

If completed by anyone other than the borrower, please provide the following:

Name:

Company:

Phone:

To receive a copy of this form once you have completed it, please enter your email address.

Email:

CC Email:

Applicant Section
Applicant:
Social Security:
Age:
Gender (optional):	Male Female
Address:
City:
State:
Zip:
Home Phone:
Work Phone:
Fax Number:
E-Mail:
How long at present address:
Previous Address (if less than 2 years):

Co-Applicant Section
Co-Applicant:
Social Security:
Age:
Gender (optional):	Male Female
Address:
City:
State:
Zip:
Home Phone:
Work Phone:
Fax Number:
E-mail:
How long at present address:
Previous Address (if less than 2 years):

Are you a U.S. citizen?
Applicant: Yes No

Are you a US citizen?
Co-Applicant: Yes No

If no, are you a permanent resident alien?
Applicant: Yes No

If no, are you a permanent resident alien?
Co-Applicant: Yes No

Applicant Marital Status:
Single
Married
Separated
Unmarried (divorced, widowed)

Co-Applicant Marital Status:
Single
Married
Separated
Unmarried (divorced, widowed)

Applicant Condition of Credit:
Excellent Good Fair Poor

Co-Applicant Condition of Credit:
Excellent Good Fair Poor

Applicant Credit Score (if known):

Co-Applicant Credit Score (if known):

Indicate Contact Preference:
Call Applicant at Work    Call Co- Applicant at Work
Call Applicant at Home    Call Co-Applicant at Home

If applicable, please provide the following information on the individual who directed you to Wholesale Direct:

Name:
Company:
Phone:

Please characterize your motivation level for purchasing a home?
Applicant: Very Motivated Motivated Minimally Motivated Just Exploring Options
Co-Applicant: Very Motivated Motivated Minimally Motivated Just Exploring Options

Do you currently have a purchase contract accepted or pending? Yes No

If yes, scheduled closing date:

If yes, indicate sales price:

If no, please indicate the price range you are gravitating towards:

Indicate the amount of funds which are or will be available to you for downpayment and/or closing costs, if any:
Amount: $

Source of Funds:
Savings Gift Retirement Accounts Equity Securities Other

Type of property you intend to finance:
Single Family Condo 2 units 3 units 4 units Other

Will the property being financed be owner occupied as your primary residence?
Applicant: Yes No
Co-Applicant: Yes No

Time frame for obtaining financing:
Immediate 30-60 days 60-90 days 90-120 days 120 + days

Desired Loan Type:
30/30 Fixed 15/15 Fixed 30/30 Adj 2/1, 3/1, 5/1, Fixed/Adj 100% Financing

Other:

Do you wish to have your new loan impounded for taxes / insurance?
Yes No

Are there any contingencies which must be satisfied before you can proceed with financing? (e.g. job transfer, sell existing home, save additional down payment, obtain gift funds, liquidate 401K, finalize divorce, salary raise, etc.)
Applicant: Yes No
Co-Applicant: Yes No

If yes, please specify contingency:

Do you currently have a loan application pending with another lender(s)? Yes No

Applicant Annual Income:
$

Co-Applicant Annual Income:
$

Applicant Monthly Debt Obligations:
$
(include car payments, installment loans, credit cards, alimony/child support, student loans, etc. Do not include rent, if applicable.)

Co-Applicant Monthly Debt Obligations:
$
(enter only if separate debts from Applicant)

Applicant Employment Type:
Self Employed
Employee
Independent Contractor

Co-Applicant Employment Type:
Self Employed
Employee
Independent Contractor

Applicant Income Type:
Hourly
Salary
Salary + Bonus / Commission
Commission
Unverifiable Income
Alimony / Child Support
Other

Co-Applicant Income Type:
Hourly
Salary
Salary + Bonus / Commission
Commission
Unverifiable Income
Alimony / Child Support
Other

Applicant: Can you fully document your income, ie provide pay stubs, W-2s, and/or tax returns?
Yes No

Co-Applicant: Can you fully document your income, ie provide pay stubs, W-2s, and/or tax returns?
Yes No

Applicant Job Title / Description:

Co-Applicant Job Title / Description:

By clicking on the below "Submit Prequalification Form" button, each applicant authorizes a chosen Cygnus Real Estate financial partner to obtain my (our) Credit Report(s) for the purpose of determining my (our) suitability for financing. Additionally, each applicant acknowledges having read the "Terms & Conditions" section on this website. Cygnus Real Estate is a real estate broker licensed by the Colorado Department of Real Estate under license #EL100018832. You can find you information at the Colorado Division of Real Estate.

Refinance Mortgage Form

This form is being completed by:

Borrower
Realtor/Affiliate
Mortgage Broker
Financial Advisor
Other

If completed by anyone other than the borrower, please provide the following:

Name:

Company:

Phone:

To receive a copy of this form once you have completed it, please enter your email address.

Email:

CC Email:

Applicant Section
Applicant:
Social Security:
r Age:
Gender (optional):	Male Female
Address:
City:
State:
Zip:
Home Phone:
Work Phone:
Fax Number:
E-Mail:
How long at present address:
Previous Address (if less than 2 years):

Co-Applicant Section
Co-Applicant:
Social Security:
Age:
Gender (optional):	Male Female
Address:
City:
State:
Zip:
Home Phone:
Work Phone:
Fax Number:
E-mail:
How long at present address:
Previous Address (if less than 2 years):

Are you a U.S. citizen?
Applicant: Yes No

Are you a US citizen?
Co-Applicant: Yes No

If no, are you a permanent resident alien?
Applicant: Yes No

If no, are you a permanent resident alien?
Co-Applicant: Yes No

Applicant Marital Status:
Single
Married
Separated
Unmarried (divorced, widowed)

Co-Applicant Marital Status:
Single
Married
Separated
Unmarried (divorced, widowed)

Applicant Condition of Credit:
Excellent Good Fair Poor

Co-Applicant Condition of Credit:
Excellent Good Fair Poor

Applicant Credit Score (if known):

Co-Applicant Credit Score (if known):

Indicate Contact Preference:
Call Applicant at Work    Call Co- Applicant at Work
Call Applicant at Home    Call Co-Applicant at Home

If applicable, please provide the following information on the individual who directed you to Wholesale Direct:

Name:
Company:
Phone:

Type of property you intend to finance:
Single Family Condo 2 units 3 units 4 units Other

If units, indicate amount of gross monthly rents: $

Will the property being financed be owner occupied as your primary residence?
Applicant: Yes No
Co-Applicant: Yes No

Time frame for obtaining financing:
Immediate 30-60 days 60-90 days 90-120 days 120 + days

Reason for Refinance:
Lower Rate Debt Consolidation Home Improvement Satisfy Balloon Cash in Hand

Other:

Desired Loan Type:
30/30 Fixed 15/15 Fixed 30/30 Adj 2/1, 3/1, 5/1, Fixed/Adj 100% Financing

Other:

Estimated Value of Subject Property:

Estimate Based On: Appraisal Comparable Sales Realtor Estimate

Balance of existing:

1st Mortgage:
2nd Mortgage:
3rd Mortgage:

Interest Rate on existing:

1st Mortgage:
2nd Mortgage:
3rd Mortgage:

Indicate current loan type:
1st: Fixed    Adjustable
2nd: Fixed    Adjustable
3rd: Fixed    Adjustable

Is there PMI on existing loan(s):
1st: Yes No
2nd: Yes No
3rd: Yes No

Prepay Penalty on:
1st: Yes No
2nd: Yes No
3rd: Yes No

Are any of the existing loans FHA or VA?
Yes No

Is the existing first mortgage an adjustable with potential for negative amortization?
Yes No

Have you owned the property for more than 12 months?
Yes No

Are any of the existing mortgages less than 12 months old?
Yes No

Where any of the previous mortgages refinanced in which cash proceeds were received?
Yes No

Have you had the property listed for sale on the MLS within the past 6 months?
Yes No

Does property have HOA Dues?
Yes No

If Yes, amount of monthly HOA payment:

Do you wish to have new loan impounded for property taxes / insurance?
Yes No

Do you wish to consolidate consumer debt with refinance?
Yes No

If Yes, indicate amount:

Do you wish to use loan proceeds for home improvement?
Yes No

If Yes, indicate amount:

Do you wish to put cash in pocket?
Yes No

If Yes, indicate amount:

Are there any contingencies which must be satisfied before you can proceed with financing? (e.g. job transfer, finalize divorce, salary raise, etc.)
Applicant: Yes No
Co-Applicant: Yes No