The Importance of Pre-Qualification
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It can be helpful to visit with a mortgage loan pro first, even before you have determined the sort of house you hope to find. Why? What can we do for you before you have made your offer, and don't yet know the amount you want to borrow?
We Will Help You Pre-Qualify
We can help you see how much of a mortgage you can afford, and the amount of money you may be able to borrow, by taking you through the pre-qualification process. During this process, we explore your ability to borrow - reviewing your earning status, money available for down payment, debts, income, and other areas. It's quick and basic; We keep the paperwork light.
Once you qualify, we give you a Pre-Qualification Letter (your real estate agent might call it a "pre-qual"), that says that we are working with you to find the right mortgage loan program to meet your financial needs and that we are confident you will qualify for a mortgage for up to a specific amount.
Power in the Pre-Qual
Once you locate a house that catches your eye, and you want to make an offer, being pre-qualified for a mortgage will do a number of things. First, it lets you know how much you're able to offer. More important to the existing home owner, your being pre-qualified is like your having walked into their front door with a suitcase full of money ready to purchase their home! They won't need to worry that they're wasting their time if you do not have the ability to qualify for a big enough mortgage. The seller won't be concerned that he can't trust you to qualify for your mortgage in the amount you'll need.Your qualifying for your needed mortgage loan amount will not cause them concern. You have the influence of a buyer ready to make the deal right now!
We can help you pre-qualify
We will help determine how much of a mortgage loan you can afford, and how much money you will be able to borrow, by walking you through the pre-qualification process. This process leads you through your finances - your debts, income, career, down payment money, among other things. It's short and basic; and we take pride in keeping the paperwork to a minimum.
You can certainly use the calculators available on our website to get an idea of how much mortgage you can afford - but it's also important to meet with us. For one thing, you'll need a Pre-Qualification Letter! Then, we'll make sure we have chosen the best mortgage loan program for you. We're eager to hear from you: contact us at (951)840-4188.