Why it's Important to Pre-Qualify
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It's important to bring in your mortgage professional as soon as possible — even before you have started to research neighborhoods. What for? When you don't know yet how much home you want to qualify for, how can we help?
When we pre-qualify you, we help you determine how much of a monthly payment you can afford, and the loan amount you can qualify for. We will accomplish this by analyzing your income and debts, your work and housing situations, the funds available for a down payment, required reserves, and some other things. We will require a minimum amount of paperwork, with a quick process.
Once you qualify, we present to you what's called a Pre-Qualification Letter (your real estate agent might call it a "pre-qual"), which says that we are helping you to find the right loan program to fit your situation and that we are confident you'll qualify for a mortgage loan up to a certain amount.
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 on. The first is that you will be sure what you can afford when putting together the offer.
More important to the existing home owner, your being pre-qualified is like your having walked into their house with a bag full of cash to purchase their house! They need not wonder if that they have been wasting their time if you do not be able to qualify for a high enough mortgage loan. The seller of the home won't wonder if he can 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 fret over. You will have the clout of a buyer ready to make the deal right now!
We will help you pre-qualify
When we pre-qualify you, we help you decide the amount you can afford in monthly payments you can afford, and the loan amount you can qualify for. The process takes you through your financial situation - your debt, income, job, cash available for down payment, among other things. It's quick and basic; and we keep the paperwork to a minimum.
Face to Face
It's important to sit down and meet with us, even though you are free to also try the helpful mortgage loan calculator tools on this website. That way, we will help you get your pre-qualification letter. For another thing, we might be able to find a different mortgage option that is a better fit for you. Let us get you started: Call us at 714-970-9700.
Have questions about pre-qualifying? Call us at 714-970-9700. It's our job to answer pre-qualification questions, so we're happy to help!