The Importance of Pre-Qualifying
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It's valuable to visit with a mortgage loan pro first, even before you've decided the sort of house to look for. Why? If you do not yet know how much house you want to qualify for, how can we help?
When we pre-qualify you, we help you determine the amount in monthly payments you can afford, and the loan amount you will qualify for. We can achieve this by considering your debts and income, your employment and residence circumstances, the available funds for down payment, required reserves, and some other things. We ask for a minimum amount of paperwork, with a short,basic process.
Once you qualify, we present to you a Pre-Qualification Letter (your real estate agent may refer to it as a "pre-qual"), which says that we are partnering with you to find the ideal mortgage loan to fit your needs and that we're confident you'll qualify for a loan up to a specific amount.
Once you locate a house that catches your eye, and you decide to put together an offer, being pre-qualified for a mortgage will do a number of things. The first is that you can know what you will be able to afford when calculating the offer.
More important to the home seller, your pre-qualification is like your having entered their front door with a suitcase full of money ready to purchase the house! They won't need to wonder if they are wasting their time if you can't be able to qualify for a big enough mortgage. The seller won't be concerned that he can't count on you to qualify for your mortgage in the amount you will need.Your qualifying for the necessary mortgage loan amount won't be something for them to fret over. You have the clout of a buyer ready to make the deal right now!
We will help you pre-qualify
We will help you calculate how much of a mortgage you can afford, and the amount of money you will be able to borrow, by taking you through pre-qualifying. We will do this by considering your income and debts, your work and housing situations, the funds available for down payment, required reserves, and other considerations. We as for a minimum amount of paperwork, with a quick process.
One on one
While you are encouraged to use our mortgage calculators on our site, it will be essential to meet with one of our mortgage professional team members. For one thing, you will want a Pre-Qualification Letter! Next, we can study your mortgage loan choices and make sure you are in the right one. Contact us at 714-970-9700 to get started.
Have questions about pre-qualifying? Call us at 714-970-9700. We answer pre-qualification questions every day.