The Importance of Pre-Qualifying

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It is helpful to consult with your mortgage loan professional early — even before you've started to consider neighborhoods. What for? How can we help you if you have not negotiated an amount, and do not know yet the amount you want to borrow?

Pre-Qualify

We can help you calculate how much of a mortgage loan you can afford, and how much money you will be able to borrow, by taking you through pre-qualifying. This process outlines your finances - your debts, income, career, and down payment money, among other things. It's a short, thorough process with minimal risks for papercuts.

After you are determined to be eligible, we will prove our confidence in your potential to qualify for a loan by giving you a Pre-Qualification Letter (also known as a "pre-qual").

Buying Clout

After you locate a house that catches your eye, and you want to make an offer, being pre-qualified for a loan will do a number of things. The first is that you can know the amount you'll be able to afford when calculating the offer. Of greater importance to the existing home owner, your being pre-qualified is like your having walked into their house with a bag full of money ready to purchase the home! They won't need to wonder if they're wasting their time if you don't be able to qualify for a big enough mortgage. The seller won't be concerned that he won't be able to count on you to qualify for your mortgage in the amount you will need.Your qualifying for the necessary mortgage loan amount will not cause them concern. You have the ability to back your offer up.

We will help you with your pre-qualification

When we pre-qualify you, we help you decide the amount you can afford in monthly payments you can fit in your budget, and how much we of a loan you will qualify for. During this process, we determine your ability to borrow - looking at your employment, money available for down payment, debts, income, and other areas. It's short and to the point; and we take pride in keeping the paperwork light.

One on one

It is important to sit down and meet with us, even though you are free to also use the helpful mortgage loan calculator tools on our website. That way, we will be able to help you get your pre-qualification letter. Next, we can study your mortgage options to be sure you have chosen the best one. Let us help you get started: Contact us at 714-970-9700.

Have questions about pre-qualifying? Call us at 714-970-9700. American Commerce Mortgage answers pre-qualifying questions every day.