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It's important to see a mortgage loan pro early, even before you have decided the kind of home you hope to find. Why? How can we help you before you have made an offer, and do not yet know how much you need to borrow?
We Can Help You Pre-Qualify
When we pre-qualify you, we help you find out the amount in monthly payments you can afford, and the loan amount you can qualify for. During the process, we look at your borrowing power - analyzing your earning status, money available for down payment, debt, income, and other areas. We ask for a minimum amount of paperwork, and avoid a lengthy process.
We award you a Pre-Qualification Letter when you qualify, which states that we are confident you'll qualify for a predetermined amount of mortgage dollars.
After you locate the house that catches your eye, and you decide to make an offer, being pre-qualified for a loan will do several things. First, it lets you know how much you're able to offer.
Of greater importance to the home seller, your pre-qualification is like your having walked into their front door with a suitcase full of money ready to purchase their home! They will not need to wonder if they are wasting their time if you don't have the ability to qualify for a high enough mortgage loan. The seller won't wonder if he can trust you to qualify for your mortgage in the amount you will need.Your qualifying for the necessary loan amount won't cause them concern. You have the capability to back up your offer.
We will help you with your pre-qualification
We can help you find out the loan amount you can qualify for and the monthly payment amount you are able to afford by helping you pre-qualify. This process takes you through your finances - your debts, income, employment, cash available for down payment, among other things. It's a quick, thorough process with minimal risks for papercuts.
Face to Face
You can certainly use the mortgage calculators here on our website to calculate how much mortgage you will be able to afford - but it's also valuable to meet with one of our mortgage professionals. For one thing, you'll need a Pre-Qualification Letter! For another thing, we might find a different mortgage program that fits your goals better. We are eager to hear from you: contact 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.