Why Pre-Qualification is Important
Looking for a loan? We'd be thrilled to discuss your mortgage needs! Give us a call today at 562 320-0510. Ready to get started? Apply Now.
It's important to consult your mortgage professional as soon as possible — even before you have begun researching neighborhoods. Why? It might be hard to understand the ways in which we can help even before you start to negotiate.
We will help you see how much of a mortgage loan you can afford, and how much money you will be able to borrow, by walking you through pre-qualifying. In the process, we look at your capacity to borrow - analyzing your earning status, money available for down payment, existing debt, income, and other circumstances. It's a quick, thorough process with minimal risks for papercuts.
We give you a Pre-Qualification Letter once you qualify, that says that we are confident you'll qualify for a specific amount of mortgage dollars.
Holding your pre-qualification letter, a number of advantages fall at your feet at the point you locate the home you want to put together an offer for. The first is that you will know the amount you'll be able to afford when calculating the offer.
Your pre-qualification will also make your offer look even better to the home seller, as if you were bringing them a suitcase of cash! They won't need to be concerned they're wasting their time if you do not be able to qualify for a high 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 won't be something for them to be concerned about. You have the capability to back your offer up.
We will help you pre-qualify
When we pre-qualify you, we help you find out how much of a monthly mortgage payment you can fit in your budget, and how much we of a loan you can qualify for. We accomplish this by reviewing your income and debts, your work and housing situations, the funds available for a down payment, required reserves, and some other things. It's quick and to the point; and we keep the paperwork light.
Face to Face
You can certainly use the mortgage calculators here on this website to get an idea of how much mortgage you'll be able to afford - but it's also valuable to meet with us. We can work toward your pre-qualification letter. Then, we can make sure we have the right mortgage program for your situation. Contact us at 562 320-0510 to get started.
Have questions about pre-qualifying? Call us at 562 320-0510. We answer pre-qualification questions every day.