Why it's Important to Pre-Qualify
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It's helpful to bring in your mortgage loan professional as soon as possible — even before you've started researching neighborhoods. What for? If you don't yet know how much house you need to qualify for, what can we do for you?
We will help you see how much of a mortgage you can afford, and the amount of money you can borrow, by walking you through pre-qualifying. We will do this by analyzing your debts and income, your employment and housing circumstances, the funds available for a down payment, required reserves, and other considerations. It's short and to the point; We keep the paperwork to a minimum.
After you qualify, will present to you a Pre-Qualification Letter (your real estate agent may call it a "pre-qual"), that states that we are partnering with you to find the best mortgage loan to meet your financial needs and that we are confident you'll qualify for a mortgage loan for a specific amount.
Power in the Pre-Qual
Holding your pre-qualification letter, some advantages are yours once you find the house you want to make an offer on. First, it helps you know the amount that you can offer.
Having pre-qualification can also make your offer look even better to the seller, as if you were bringing them a big box of cash! They won't need to be concerned they have been wasting their time if you can't have the ability to qualify for a big enough mortgage. The seller of the home won't wonder if he can trust you to qualify for your loan.Your qualifying for your needed mortgage loan amount won't be something for them to worry about. You can have the clout of a buyer ready to make the purchase on the spot!
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 analyzing your debts and income, your employment and residence situations, the available funds for a down payment, required reserves, and some other things. We will require a minimum amount of paperwork, with a quick process.
One on one
While you are encouraged to use our mortgage calculators on our website, it's essential to sit down and talk with one of our mortgage professional team members. We can begin working on your pre-qualification letter. Next, we can review your mortgage options to be sure you are in the right one. We're waiting to meet with you: contact us at 562 320-0510.
Have questions about pre-qualifying? Call us at 562 320-0510. It's our job to answer pre-qualification questions, so we're happy to help!