When to Speak to a Mortgage Pro About Pre-Qualifying
Shopping for a mortgage? We can assist you! Give us a call at 562 320-0510. Want to get started? Apply Here.
It can be helpful to visit with a mortgage loan pro first, even if you haven't settled on what type of house to look for. Why? How can we help before you have negotiated an amount, and do not yet know how much you want to borrow?
We Will Help You Pre-Qualify
We can help determine how much of a mortgage you can afford, and the amount of money you may be able to borrow, by walking you through the pre-qualification process. The process outlines your current financial situation - your debts, income, job, and cash available for down payment, among other things. It's a short, thorough process with minimal risks for papercuts.
After you are considered eligible, we prove our confidence in your ability to qualify for a mortgage by awarding you a Pre-Qualification Letter (also known as a "pre-qual").
When you locate the house that is right for you, and you want to make an offer, being pre-qualified for a loan will do a couple of things. First, it helps you know how much you can offer.
Having pre-qualification can also make your offer look even better to the home seller, as if you were bringing them a suitcase of cash! They will not need to worry that that they are wasting their time if you will not have the ability to qualify for a high enough mortgage. The seller of the home won't worry if he can count on you to qualify for your mortgage in the amount you will need.Your qualifying for the necessary loan amount will not be something for them to fret over. They have a virtual guarantee that they can trust your ability to back up your offer.
We will help you with your pre-qualification
We can help determine how much of a mortgage loan you can afford, and how much money you will be able to borrow, by walking you through the pre-qualification process. We achieve this by reviewing your income and debts, your work and housing situations, your available funds for a down payment, required reserves, and other financial considerations. We will require a minimum amount of paperwork, and avoid a lengthy process.
While you are encouraged to use our mortgage calculators on our website, it is a good idea to sit down and talk with us. For one thing, you will need a Pre-Qualification Letter! Then, we can make sure we have selected the ideal mortgage loan program for you. Let us help you get 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.