When to Speak to Your Mortgage Professional
Are you looking for a new mortgage? We'll be glad to answer your questions about your mortgage needs! Give us a call today at 562 320-0510. Want to get started? Apply Now.
Even if you haven't researched homes to view yet, it's advantageous to visit with your mortgage loan professional early. What for? When you do not know yet how much house you need to qualify for, what could we help you with?
We Will Help You Pre-Qualify
When we pre-qualify you, we help you determine how much of a monthly payment you can fit in your budget, and the loan amount you can qualify for. This process takes you through your financial situation - your debts, income, job, and cash available for down payment, among other things. We ask for a minimum amount of paperwork, with a quick process.
We'll give you a Pre-Qualification Letter if you qualify, which says that we are confident you'll qualify for up to a predetermined amount of mortgage dollars.
Power in the Pre-Qual
When you locate a house that meets your needs, and you want to make an offer, being pre-qualified for a loan will do several things. The first is that you will be sure the amount you'll be able to afford when calculating the offer.
Even more important to the seller, your pre-qualification letter gives them certainty - as if you'd come into their house with a suitcase of cash to make the offer! They will not need to wonder if they are wasting their time if you do not be able to qualify for a high enough mortgage loan. The seller won't be concerned that he can't trust you to qualify for your loan.Your qualifying for your needed loan amount won't be something for them to fret over. They have a virtual guarantee that they can trust your ability to back up your offer.
We help with your pre-qualification
When we pre-qualify you, we help you find out how much of a monthly mortgage payment you can afford, and how much we of a loan you can qualify for. This process outlines your current financial situation - your debts, income, employment, down payment money, among other things. We will ask for a minimum amount of paperwork, and avoid a lengthy process.
While you can benefit from our mortgage calculators on this website, it will be a good idea to meet with us. That way, we'll help you get your pre-qualification letter. Next, we can consider your loan options and make sure you are in the best one. Contact us at 562 320-0510 to get your pre-qualification process started.
Have questions about pre-qualifying? Call us at 562 320-0510. We answer pre-qualification questions every day.