Why Pre-Qualification is Important
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It is important to see a mortgage loan pro first, even if you haven't settled on what sort of house you hope to find. What for? It may be difficult to understand how we could help even before you begin to talk about prices and negotiations.
We Will Help You Pre-Qualify
We can help determine how much of a mortgage loan you can afford, and the amount of money you can borrow, by walking you through the pre-qualification process. In the process, we explore your capacity to borrow - looking at your employment, available money for down payment, debts, income, and other areas. It is a short, thorough process with minimal risks for papercuts.
Once you qualify, will give you a Pre-Qualification Letter (your real estate agent might refer to it as a "pre-qual"), that documents the fact that we are partnering with you to find the ideal loan to fit your financial needs and that we're confident you'll qualify for a mortgage loan for up to a certain amount.
Armed with your pre-qualification letter, some advantages are yours once you find the home you want to make an offer on. The first is that you will know what you can afford when calculating the offer. Even more important to the seller, your pre-qualification gives them confidence - as if you had arrived at their home with a bag of cash to back up the offer! They need not worry that that they're wasting their time if you will not have the ability to qualify for a high enough mortgage loan. The seller of the home won't be concerned that he won't be able to count on you to qualify for your mortgage in the amount you will need.Your qualifying for the necessary mortgage loan amount won't cause them concern. They have a virtual guarantee to trust your buying power.
We will help you pre-qualify
We can help you calculate how much of a mortgage you can afford, and the amount of money you will be able to borrow, by taking you through the pre-qualification process. This process takes you through your financial situation - your debts, income, career, cash available for down payment, among other things. It is a quick, thorough process with minimal risks for papercuts.
Face to Face
It is important to sit down and meet with us, even though you are free to also utilize the helpful mortgage calculators on our website. That way, we will help you get your pre-qualification letter. Next, we can study your loan options and be sure you have selected the best one. Contact us at (951)840-4188 to get started.