The Importance of Pre-Qualification
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Even if you've not researched homes to visit yet, it is advantageous to visit with your mortgage pro first. What for? When you don't know yet how much home you need to qualify for, what could we help you with?
We can help you calculate how much of a mortgage loan you can afford, and how much money you may be able to borrow, by walking you through pre-qualifying. The process outlines your finances - your debts, income, employment, and cash available for down payment, among other things. It's quick and basic; We take pride in keeping the paperwork to a minimum.
When you qualify, will present to you a Pre-Qualification Letter (your real estate agent may call it a "pre-qual"), that says that we are helping you to find the best mortgage to meet your financial needs and that we're confident you'll qualify for a mortgage loan for a certain amount.
Power in the Pre-Qual
Once you locate a house that is best for you, and you want to make an offer, being pre-qualified for a mortgage loan will do a couple of things. First, it lets you know how much you can offer.
More important to the home seller, your pre-qualification is like your having entered their house with a suitcase full of cash ready to make the deal! They need not be concerned that they have been wasting their time if you don't be able to qualify for a big enough mortgage. The seller of the home won't wonder if he can count on you to qualify for your loan.Your qualifying for the necessary mortgage loan amount won't be something for them to lose sleep over. They have a virtual guarantee that they can trust your buying power.
We will help you pre-qualify
Our mortgage professionals can help you find out the loan amount you can qualify for and the monthly payment amount you are able to afford by getting you pre-qualified. The process walks you through your financial situation - your debts, income, job, cash available for down payment, among other things. We as for a minimum amount of paperwork, and avoid a lengthy process.
Face to Face
While you are able to try our mortgage calculators on this website, it's essential to meet with one of our mortgage professional team members. For one thing, you'll want a Pre-Qualification Letter! For another thing, we may find a different mortgage choice that is a better fit for you. Contact us at 949-544-4908 to get your pre-qualification process started.
Have questions about pre-qualifying? Call us at 949-544-4908. We answer pre-qualification questions every day.