Why Pre-Qualification is Important
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It's important to consult with your mortgage professional early — even before you've begun researching neighborhoods. What for? How can we help you before you have made an offer, and don't yet know how much you want to borrow?
We will help you see how much of a mortgage you can afford, and how much money you can borrow, by taking you through pre-qualifying. We accomplish this by analyzing your income and debts, your work and residence situations, your available funds for down payment, required reserves, and some other things. It's short and to the point; We take pride in keeping the paperwork light.
After you are considered eligible, we will prove our confidence in your capacity to qualify for a loan by awarding you a Pre-Qualification Letter (also called a "pre-qual").
Various beneifits open to you when you find your new house, and have achieved pre-qualification. The first is that you'll know what you'll be able to afford when calculating your offer. More important to the current home owner, your pre-qualification is like your having entered their house with a suitcase full of cash to purchase their house! They won't have to be concerned that they're wasting their time if you don'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 loan.Your qualifying for your needed mortgage loan amount won't be something for them to fret over. They have a virtual guarantee to trust your ability to back up your offer.
We help with your pre-qualification
We can help you find out the loan amount you can qualify for and the mortgage payment amount you are able to afford by helping you pre-qualify. We accomplish this by considering your income and debts, your work and residence situations, the funds available for a down payment, required reserves, and other financial considerations. It's a quick, thorough process with minimal risks for papercuts.
Face to Face
It is vital to sit down and talk with us, even though you are free to also try the helpful mortgage loan calculator tools on this site. For one thing, you'll want a Pre-Qualification Letter! Then, we can make sure we have selected the right mortgage loan program for your situation. Let us get you started: Call us at 650 428 0234.