The Importance of Pre-Qualification
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Even if you've not so much as researched houses to view yet, it can be valuable to see your mortgage professional first. What for? When you don't yet know how much home you want to qualify for, how could we help?
We Can Help You Pre-Qualify
We can help you see how much of a mortgage you can afford, and how much money you will be able to borrow, by taking you through the pre-qualification process. During the process, we look at your borrowing power - looking at your earning status, available money for down payment, debt, income, and other areas. We require a minimum amount of paperwork, and avoid a lengthy process.
We give you a Pre-Qualification Letter after you qualify, that documents that we're confident you will qualify for up to a certain amount of mortgage loan dollars.
Several beneifits open to you once you find your next house, and have pre-qualification. The first is that you'll know the amount you'll be able to afford when calculating your offer.
Being pre-qualified will also make your offer more attractive to the seller, as if you were bringing them a suitcase full of cash! They won't have to be concerned they are wasting their time if you do not be able to qualify for a big enough mortgage loan. The seller of the home won't wonder if he can count on you to qualify for your loan.Your qualifying for your needed mortgage loan amount won't cause them concern. They have a virtual guarantee that they can trust your buying power.
We will help you pre-qualify
When we pre-qualify you, we help you determine how much of a monthly mortgage payment you can fit in your budget, and the size of loan you can qualify for. This process outlines your current financial situation - your debts, income, career, cash available for down payment, among other things. It's quick and to the point; and we take pride in keeping the paperwork light.
It's important for you to sit down and meet with us, even though you are free to also use the helpful mortgage calculators on this website. For one thing, you will need a Pre-Qualification Letter! Next, we can consider your mortgage loan choices to be sure you are in the best one. Contact us at 949-544-4908 to get started.
Have questions about pre-qualifying? Call us at 949-544-4908. Brimor National Mortgage answers pre-qualifying questions every day.
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