Why Pre-Qualification is Important
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Even if you have not so much as researched homes to view yet, it is valuable to contact your mortgage professional early. What for? If you do not know yet how much home you want to qualify for, what could we help you with?
We Will Help You Pre-Qualify
We can help you determine how much of a loan you can qualify for and the monthly mortgage payment amount you can afford by getting you pre-qualified. In this process, we explore your capacity to borrow - looking at your job, available money for down payment, debts, income, and other circumstances. It's quick and basic; We take pride in keeping the paperwork to a minimum.
Once you qualify, we present to you a Pre-Qualification Letter (your real estate agent might refer to it as a "pre-qual"), that states that we are helping you to find the right mortgage loan to meet your financial needs and that we're confident you'll qualify for a mortgage loan up to a specific amount.
Power in the Pre-Qual
Holding your pre-qualification letter, several advantages are yours when you find the house you want to make an offer on. The first is that you'll be sure the amount you will be able to afford when putting together the offer.
Being pre-qualified also will make your offer look even better to the seller, like you were bringing them a suitcase of cash! They need not worry that that they are wasting their time if you can't be able to qualify for a high enough mortgage. The seller won't be concerned that he won't be able to trust you to qualify for your mortgage in the amount you will need.Your qualifying for your needed loan amount won't be something for them to worry about. You'll have the sway of a buyer ready to make the purchase right now!
We will help you pre-qualify
When we pre-qualify you, we help you figure out the amount you can afford in mortgage payments you can afford, and how much we of a loan you can qualify for. The process outlines your finances - your debts, income, career, down payment money, among other things. We will ask for a minimum amount of paperwork, and avoid a lengthy process.
You can always use the calculators on this website to get an idea of how much mortgage you'll be able to afford - but it's also essential to meet with one of our mortgage professionals. That way, we can help you get your pre-qualification letter. Then, we can make sure we have the right mortgage loan program for you. 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.