When to Talk to a Mortgage Professional
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It is important to consult your mortgage professional as soon as possible — even before you have started to consider neighborhoods. What for? Maybe it is difficult to understand the ways in which we could help even before you begin to talk about prices and negotiations.
When we pre-qualify you, we help you determine the amount in mortgage payments you can afford, and the loan amount you can qualify for. During this process, we determine your capacity to borrow - analyzing your job, money available for down payment, debts, income, and other areas. We will ask for a minimum amount of paperwork, and avoid a lengthy process.
When you qualify, will present to you what's called a Pre-Qualification Letter (your real estate agent may refer to it as a "pre-qual"), which states that we are partnering with you to find the ideal mortgage loan program to meet your situation and that we're confident you will qualify for a loan up to a certain amount.
Power in the Pre-Qual
When you locate a house that meets your needs, and you decide to make an offer, being pre-qualified for a mortgage will do several things. First of all, you have some definite numbers in mind, as the total you will qualify for with your mortgage.
Being pre-qualified also will make your offer look even better to the seller, like you were bringing them a bag full of cash! They won't need to worry that they have been wasting their time if you won't be able to have the ability to qualify for a big enough mortgage loan. The seller won't wonder if he can count on you to qualify for your loan.Your qualifying for the necessary mortgage loan amount won't cause them concern. You can have the influence of a buyer ready to make the deal on the spot!
We can help you pre-qualify
Our mortgage professionals will help you determine the loan amount you can qualify for and the monthly payment amount you are able to afford by getting you pre-qualified. During this process, we calculate your borrowing power - reviewing your job, money available for down payment, debts, income, and other areas. It's quick and to the point; and we keep the paperwork to a minimum.
It's vital for you to sit down and meet with us, even though you are free to also utilize the helpful mortgage loan calculator tools on our site. We can begin getting your pre-qualification letter. Next, we can review your mortgage loan options and be sure you have found the right one. We are waiting to hear from you: call us at 562 320-0510.
Have questions about pre-qualifying? Call us at 562 320-0510. Reliance Mortgage Service, Inc answers pre-qualifying questions every day.