Why it's Important to Pre-Qualify
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It is helpful to consult your mortgage professional as soon as possible — even before you've begun narrowing down neighborhoods. Why? How can we help if you haven't negotiated a purchase amount, and don't know yet how much you want to borrow?
We Will Help You Pre-Qualify
Our mortgage professionals can help you calculate the loan amount you can qualify for and the monthly mortgage payment amount you can afford by getting you pre-qualified. We do this by reviewing your debts and income, your employment and residence circumstances, the funds available for a down payment, required reserves, and some other things. We require a minimum amount of paperwork, with a short,basic process.
When you are determined to be eligible, we document our confidence in your ability to qualify for a loan by giving you a Pre-Qualification Letter (also called a "pre-qual").
Several beneifits open to you once you have found your dream house, and have achieved pre-qualification. The first is that you will be sure the amount you will be able to afford when putting together the offer.
More important to the home seller, your being pre-qualified is like your having walked into their front door with a suitcase full of money to purchase their home! They will not need to wonder if that they are wasting their time if you don't have the ability to qualify for a high enough mortgage. The seller of the home won't be concerned that he won't be able to trust you to qualify for your mortgage in the amount you will need.Your qualifying for your needed mortgage loan amount will not be something for them to be concerned about. You have the influence of a buyer ready to make the purchase right now!
We can help you pre-qualify
When we pre-qualify you, we help you figure out the amount you can afford in mortgage payments you can afford, and the loan amount you can qualify for. The process outlines your finances - your debts, income, job, cash available for down payment, among other things. We will ask for a minimum amount of paperwork, with a quick process.
It is important for you to sit down and talk with us, even though you are free to also utilize the helpful mortgage calculator tools on this site. For one thing, you will need a Pre-Qualification Letter! For another thing, we may be able to find a different mortgage program that fits your goals better. 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.