Why it's Important to Pre-Qualify
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Even if you have not so much as picked out homes to view yet, it is valuable to contact your mortgage loan professional first. Why? Perhaps it's hard to fathom the way we can help even before you start to negotiate.
We Will Help You Pre-Qualify
When we pre-qualify you, we help you decide how much of a monthly mortgage payment you can afford, and how much we of a loan you will qualify for. We achieve this by analyzing your debts and income, your employment and residence situations, the funds available for a down payment, required reserves, and other considerations. It's a short, thorough process with minimal risks for papercuts.
After you qualify, we give you a Pre-Qualification Letter (your real estate agent may call it a "pre-qual"), that documents the fact that we are helping you to find the right mortgage loan program to meet your situation and that we are confident you'll qualify for a loan for up to a specific amount.
Power in the Pre-Qual
When you locate the house that is best for you, and you decide to make an offer, being pre-qualified for a loan will do several things. The first is that you'll be sure the amount you'll be able to afford when putting together your offer. Even more important to the seller of the house, your pre-qualification gives them confidence - as if you'd entered their house with a suitcase of cash to make the offer! They won't have to worry that that they are wasting their time if you don't have the ability to qualify for a high enough mortgage. The seller won't be concerned that he won't be able to trust you to qualify for your loan.Your qualifying for the necessary mortgage loan amount won't cause them concern. They have a virtual guarantee to trust your buying power.
We can help you pre-qualify
We can help determine how much of a mortgage you can afford, and the amount of money you can borrow, by walking you through the pre-qualification process. We do this by reviewing your income and debts, your employment and residence situations, the funds available for a down payment, required reserves, and other considerations. We will ask for a minimum amount of paperwork, with a quick process.
One on one
While you are able to use our mortgage calculators on this website, it's essential to sit down and talk with us. That way, we can help you get your pre-qualification letter. For another thing, we may locate a different mortgage loan option that fits your goals better. Contact us at (951)840-4188 to get your pre-qualification process started.