When to Talk to Your Mortgage Pro About Pre-Qualification
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Even if you have not picked out houses to visit yet, it's valuable to visit with your mortgage professional early. What for? Perhaps it's difficult to fathom the ways in which we could help even before you start to negotiate.
We Will Help You Pre-Qualify
We can help you calculate the loan amount you can qualify for and the mortgage payment amount you can afford by helping you pre-qualify. We can do this by analyzing your income and debts, your work and residence situations, the funds available for down payment, required reserves, and some other things. It's short and basic; We keep the paperwork light.
At the point you are determined to be eligible, we document our confidence in your potential to qualify for a mortgage by giving you a Pre-Qualification Letter (also called a "pre-qual").
When you locate a house that is right for you, and you want to make an offer, being pre-qualified for a mortgage will do several things. The first is that you will know what you will be able to afford when putting together your offer.
Having pre-qualification also will make your offer look even better to the home seller, like you were bringing them a bag full of cash! They need not wonder if they are wasting their time if you can'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 mortgage in the amount you will need.Your qualifying for the necessary loan amount won't be something for them to worry about. They have a virtual guarantee to trust your ability to back up your offer.
We can help you pre-qualify
When we pre-qualify you, we help you determine the amount you can afford in monthly mortgage payments you can fit in your budget, and the loan amount you can qualify for. We will achieve this by reviewing your debts and income, your work and housing circumstances, the available funds for a down payment, required reserves, and some other things. We as for a minimum amount of paperwork, with a quick process.
It is important to sit down and meet with us, even though you are free to also utilize the helpful mortgage calculator tools on this site. That way, we'll help you get your pre-qualification letter. Next, we can study your mortgage options to be sure you have chosen the right one. We're waiting to meet with you: call us at 949-544-4908.
Have questions about pre-qualifying? Call us at 949-544-4908. It's our job to answer pre-qualification questions, so we're happy to help!
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