Qualify potential buyers

Here are four easy ways to pre-qualify your potential buyers:

1. Our On-Line Calculator
The calculator automates the calculations in our pen and paper, Do-it-Yourself Worksheet and comes up with an estimate of the maximum mortgage loan amount the Buyer is likely to get from a bank or other lending institution.

2. Local Mortgage Brokers:
Your past mortgage broker or one referred by a friend would be happy to help you pre-qualify a buyer. If you're working with a Realtor, ask them to refer you to a real estate mortgage broker.

3. Internet Mortgage Services:
While at your home, the potential buyer can sign-on to Ditech.com and get an estimate of how much he or she can borrow on the spot.

4. Do-it-Yourself Qualification Worksheet:
Our pen & pencil Do-it-Yourself Worksheet requires you sit with your prospective buyer and get two simple, but sensitive pieces of information: income and debt. Don't be embarrassed, people answer these questions whenever they make large purchases.

Once you have annual iIncome and monthly long term debt, the worksheet, (included in our set of Forms & Contracts), takes you through four simple steps in arithmetic to estimate how big a mortgage the prospective buyer can afford. (Our On-Line Calculator will perform these calculations for you.)