Why it's Important to Pre-Qualify
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It's helpful to consult your mortgage professional early — even before you have started to research neighborhoods. Why? When you don't yet know how much home you need to qualify for, what can we help you with?
We Can Help You Pre-Qualify
We will help you see how much of a mortgage you can afford, and the amount of money you can borrow, by taking you through pre-qualifying. We will do this by reviewing your income and debts, your work and residence circumstances, your available funds for a down payment, required reserves, and other financial considerations. It's a quick, thorough process with minimal risks for papercuts.
When you are considered eligible, we document our confidence in your potential to qualify for a mortgage by giving you a Pre-Qualification Letter (also called a "pre-qual").
Armed with your pre-qualification letter, a number of advantages fall at your feet when you find the home you want to make an offer on. The first is that you can be sure what you'll be able to afford when putting together the offer. Even more important to the seller, your pre-qualification gives them confidence - as if you'd entered their home with a big box of cash to back up the offer! They need not worry that that they are wasting their time if you will not have the ability to qualify for a big enough mortgage. The seller won't worry if he can trust you to qualify for your loan.Your qualifying for your needed mortgage loan amount will not be something for them to fret over. You will have the sway of a buyer ready to make the purchase right now!
We will help you pre-qualify
Our mortgage professionals can help you calculate how much of a loan you can qualify for and the monthly payment amount you can afford by getting you pre-qualified. In this process, we determine your ability to borrow - analyzing your job, money available for down payment, existing debt, income, and other areas. We require a minimum amount of paperwork, and avoid a lengthy process.
Face to Face
While you are encouraged to try our mortgage calculators on our website, it's a good idea to meet with one of our mortgage professional team members. For one thing, you will want a Pre-Qualification Letter! Then, we can make sure we have selected the best mortgage program for your situation. We are waiting to meet with you: contact us at (951)840-4188.