Ryan Herbig: Criteria for Home Loans

Ryan Herbig: Criteria for Home Loans



If you’re not paying cash, looking at homes before prequalifying for a loan is kind of like waving a carrot in front of a bunny and not giving the bunny the carrot. It’s kind of mean! Which is why it’s important to prequalify for a home loan as a first step in your home buying process.


A mortgage lender or broker will want to look at your assets, employment history, education, credit score, and debt load to build your mortgage portfolio. Today, Deborah is joined by Ryan Herbig of American Liberty Mortgage to discuss these factors. Other factors that can affect your portfolio are: bankruptcy, type of loan (FHA, VA, and Conventional), short sells, and self-employment.


Even if you’re planning to buy a home six months from now, it’s a good idea to meet with a mortgage lender now to find out your next steps. The two biggest hurdles to buying a home are having enough money for a downpayment and credit scores. Ryan Herbig enjoys helping people determine a plan for these hurdles.


With a population rapidly approaching 700,000 people in Colorado Springs and not enough homes in the $150,000-$250,000 range, being pre-qualified becomes even more important. Come listen as Ryan and Deborah discuss the factors that can influence your pre-qualification and ways to set yourself up for success! You can contact Ryan Herbig’s office at (719) 228-6055 to set up meeting and find out how to prequalify for a home loan.


As a buyer, the market is really hot right now. Contact Deborah to get your online portal set up so you can see the houses that meet your criteria. If you’re looking to sell, Deborah would love to meet with you to set up a market analysis meeting—and explain why you need one! You can contact Deborah at (719) 641-1357.