Why it's Important to Pre-Qualify
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Even if you have not so much as narrowed down homes to visit yet, it is advantageous to contact your mortgage pro first. Why? What can we do for you before you have negotiated a price, and do not yet know how much you want to borrow?
When we pre-qualify you, we help you figure out the amount in monthly payments you can afford, and the loan amount you will qualify for. This process outlines your current financial situation - your debt, income, career, and down payment money, among other things. It's short and to the point; We take pride in keeping the paperwork to a minimum.
When you are determined to be eligible, we prove our confidence in your ability to qualify for a mortgage by giving you a Pre-Qualification Letter (also called a "pre-qual").
A number of advantages open to you when you've found your next house, and have achieved pre-qualification power. The first is that you'll be sure what you'll be able to afford when determining your offer. Being pre-qualified also will make your offer look even better to the seller, like you were bringing them a big box of cash! They won't have to wonder if they're wasting their time if you don't have the ability to qualify for a big enough mortgage loan. The seller of the home won't be concerned that he can't count on you to qualify for your loan.Your qualifying for the necessary loan amount won't cause them concern. They have a virtual guarantee to trust your buying power.
We will help you with your pre-qualification
We will help you calculate how much of a mortgage you can afford, and the amount of money you will be able to borrow, by walking you through the pre-qualification process. The process walks you through your finances - your debts, income, employment, cash available for down payment, among other things. It's a short, thorough process with minimal risks for papercuts.
One on one
It's important to sit down and talk with us, even though you are welcome to also utilize the helpful mortgage calculator tools on this website. That way, we'll help you get your pre-qualification letter. For another thing, we could locate a different mortgage loan option that is a better fit for you. Let us get you started: Call us at (951)840-4188.