The Importance of Pre-Qualifying
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Even if you have not so much as picked out homes to view yet, it's valuable to see your mortgage professional first. What for? It may be hard to understand the ways in which we can help even before you start to calculate your offer.
Our mortgage professionals can help you calculate how much of a loan you can qualify for and the monthly payment amount you can afford by helping you pre-qualify. This process outlines your current financial situation - your debt, income, job, and down payment money, among other things. It is a short, thorough process with minimal risks for papercuts.
Once you are determined to be eligible, we prove our confidence in your capacity to qualify for a loan by awarding you a Pre-Qualification Letter (also called a "pre-qual").
Various advantages open to you when you've found your new house, and have pre-qualification. First, it helps you know how much you're able to offer.
Having pre-qualification can also make your offer look even better to the home seller, as if you were bringing them a suitcase full of cash! They will not need to worry that that they have been wasting their time if you don't have the ability to qualify for a high enough mortgage loan. The seller of the home won't be concerned that he can't count on you to qualify for your loan.Your qualifying for the necessary mortgage loan amount will not cause them concern. You have the ability to back your offer up.
We help with your pre-qualification
We can help you see how much of a mortgage loan you can afford, and the amount of money you can borrow, by walking you through the pre-qualification process. The process leads you through your financial situation - your debts, income, employment, cash available for down payment, among other things. We require a minimum amount of paperwork, and avoid a lengthy process.
One on one
You can certainly use the mortgage calculators here on our website to calculate the size mortgage you can afford - but it's also important to talk with us. For one thing, you'll need a Pre-Qualification Letter! Next, we can review your mortgage program choices to make sure you have selected the best one. 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.
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