The Importance of Pre-Qualifying
Are you looking for a new mortgage loan? We will be glad to assist you! Give us a call today at 562 320-0510. Ready to begin? Apply Here.
Even if you've not so much as picked out houses to view yet, it can be valuable to contact your mortgage loan professional early. Why? How can we help you if you have not made your offer, and do not know yet the amount you need to borrow?
We Will Help You Pre-Qualify
Our mortgage professionals can help you determine the loan amount you can qualify for and the mortgage payment amount you are able to afford by getting you pre-qualified. In the process, we look at your capacity to borrow - analyzing your earning status, money available for down payment, debts, income, and other circumstances. It's short and to the point; We take pride in keeping the paperwork light.
After you qualify, will give you what's called a Pre-Qualification Letter (your real estate agent may call it a "pre-qual"), which documents the fact that we are helping you to find the ideal loan to fit your financial needs and that we are confident you'll qualify for a mortgage for up to a certain amount.
Power in the Pre-Qual
After you locate a house that is best for you, and you decide to put together an offer, being pre-qualified for a loan will do a number of things. First of all, you have some general numbers in mind, as the total you can borrow.
Even more important to the seller of the house, your pre-qualification gives them confidence - as if you'd arrived at their house with a suitcase of cash to back up the offer! They need not be concerned they are wasting their time if you won't be able to be able to qualify for a high enough mortgage loan. The seller won't wonder if he can trust you to qualify for your loan.Your qualifying for your needed loan amount will not be something for them to be concerned about. You'll have the clout of a buyer ready to make the purchase on the spot!
We will help you with your pre-qualification
When we pre-qualify you, we help you determine how much of a monthly payment you can afford, and the loan amount you will qualify for. This process outlines your current financial situation - your debts, income, career, cash available for down payment, among other things. It is a quick, thorough process with minimal risks for papercuts.
One on one
While you can use our tools to calculate mortgage variables on this site, it is a good idea to sit down and talk with one of our mortgage professional team members. We can work toward your pre-qualification letter. Then, we can make sure we have the best mortgage loan program for your situation. Let us get you started: Call us at 562 320-0510.
Have questions about pre-qualifying? Call us at 562 320-0510. We answer pre-qualification questions every day.