Why Pre-Qualification is Important
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It can be important to visit with a mortgage professional early, even if you haven't settled on what type of house you hope to find. What for? How can we help before you have negotiated a price, and do not yet know the amount you want to borrow?
We Can Help You Pre-Qualify
We will help you see how much of a mortgage you can afford, and how much money you can borrow, by taking you through the pre-qualification process. This process walks you through your finances - your debt, income, job, and cash available for down payment, among other things. It's short and to the point; We take pride in keeping the paperwork light.
At the point you are considered eligible, we will prove our confidence in your potential to qualify for a mortgage loan by presenting you with a Pre-Qualification Letter (also called a "pre-qual").
Holding your pre-qualification letter, a number of advantages fall at your feet when you locate the house you want to make an offer for. The first is that you can be sure what you'll be able to afford when determining your offer.
Of greater importance to the seller, your being pre-qualified is like your having entered their front door with a suitcase full of money to purchase the house! They will not have to be concerned they're wasting their time if you won't be able to have the ability to qualify for a high enough mortgage. The seller won't be concerned that he can't count on you to qualify for your mortgage in the amount you will need.Your qualifying for the necessary loan amount won't be something for them to worry about. They have a virtual guarantee to trust your ability to back up your offer.
We will help you with your pre-qualification
When we pre-qualify you, we help you decide the amount you can afford in monthly mortgage payments you can fit in your budget, and how much we of a loan you can qualify for. This process takes you through your finances - your debts, income, career, cash available for down payment, among other things. It's quick and to the point; and we take pride in keeping the paperwork light.
You can certainly use the calculators available on our website to calculate how much mortgage you will be able to afford - but it's also valuable to meet with one of our mortgage professionals. That way, we'll help you get your pre-qualification letter. Then, we'll make sure we have chosen the ideal mortgage loan program for you. Contact us at 562 320-0510 to get started.
Have questions about pre-qualifying? Call us at 562 320-0510. Reliance Mortgage Service, Inc answers pre-qualifying questions every day.