Why it's Important to Pre-Qualify
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It's important to consult your mortgage professional early — even before you have started to consider neighborhoods. Why? What can we do for you before you have made an offer, and don't yet know how much you want to borrow?
We can help determine how much of a mortgage you can afford, and how much money you can borrow, by taking you through pre-qualifying. The process outlines your finances - your debt, income, employment, and cash available for down payment, among other things. It's short and to the point; We keep the paperwork to a minimum.
We'll award you a Pre-Qualification Letter once you qualify, which documents that we are confident you can qualify for up to a predetermined amount of mortgage dollars.
Power in the Pre-Qual
Several beneifits open to you when you find your next house, and have pre-qualification power. The first is that you will know what you'll be able to afford when determining the offer.
Even more important to the current owner, your pre-qualification gives them confidence - as if you had come to their home with a bag of cash to back up the offer! They won't need to worry that that they are wasting their time if you won't be able to have the ability to qualify for a high enough mortgage loan. The seller of the home won't be concerned that he can't trust you to qualify for your mortgage in the amount you will need.Your qualifying for the necessary loan amount won't be something for them to worry about. You have the capability to back your offer up.
We help with your pre-qualification
When we pre-qualify you, we help you figure out the amount you can afford in monthly mortgage payments you can afford, and the loan amount you can qualify for. We do this by reviewing your income and debts, your employment and residence circumstances, your funds available for a down payment, required reserves, and some other things. It is a short, thorough process with minimal risks for papercuts.
Face to Face
While you are able to try our mortgage calculators on our website, it's essential to meet with us. That way, we will help you get your pre-qualification letter. For another thing, we may locate a different mortgage choice that fits your situation better. We are waiting to hear from you: contact us at 714-970-9700.
Have questions about pre-qualifying? Call us at 714-970-9700. We answer pre-qualification questions every day.