When to Speak to Your Mortgage Professional
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Even if you've not picked out homes to view yet, it can be advantageous to visit with your mortgage professional first. Why? Perhaps it is difficult to fathom the ways we can help even before you begin to negotiate.
We will help you calculate how much of a loan you can qualify for and the monthly mortgage payment amount you are able to afford by helping you pre-qualify. In this process, we calculate your borrowing power - analyzing your job, available money for down payment, debt, income, and other areas. It's a short, thorough process with minimal risks for papercuts.
Once you are determined to be eligible, we will prove our confidence in your ability to qualify for a mortgage by presenting you with a Pre-Qualification Letter (also called a "pre-qual").
Power in the Pre-Qual
Armed with your pre-qualification letter, some advantages fall at your feet once you locate the house you want to make an offer for. First, it lets you know how much you can offer.
Even more important to the seller of the house, your pre-qualification gives them certainty - as if you had arrived at their home with a bag of cash to make the offer! They will not need to worry that that they are wasting their time if you do not be able to qualify for a high enough mortgage loan. The seller won't be concerned that he won't be able to trust you to qualify for your mortgage in the amount you'll need.Your qualifying for the necessary mortgage loan amount will not cause them concern. You'll have the clout of a buyer ready to make the deal right now!
We can help you pre-qualify
We will help you find out how much of a loan you can qualify for and the monthly payment amount you are able to afford by helping you pre-qualify. This process outlines your current financial situation - your debt, income, job, cash available for down payment, among other things. It's short and basic; and we keep the paperwork light.
Face to Face
It is important for you to sit down and meet with us, even though you are welcome to also use the helpful mortgage calculator tools on our website. For one thing, you'll need a Pre-Qualification Letter! Then, we can make sure we have the right mortgage program for you. We are eager to meet with you: call us at 714-970-9700.
Have questions about pre-qualifying? Call us at 714-970-9700. We answer pre-qualification questions every day.