Why Pre-Qualification is Important
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It's helpful to consult with your mortgage loan professional as soon as possible — even before you have begun researching neighborhoods. What for? When you don't know yet how much home you need to qualify for, what could we do for you?
We Will Help You Pre-Qualify
Our mortgage professionals will 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. The process outlines your current financial situation - your debt, income, employment, and down payment money, among other things. It is a short, thorough process with minimal risks for papercuts.
When you qualify, we present to you what's called a Pre-Qualification Letter (your real estate agent may refer to it as a "pre-qual"), that says that we are working with you to find the best mortgage to fit your needs and that we are confident you'll qualify for a loan for a specific amount.
Holding your pre-qualification letter, some advantages are yours when you find the home you want to put together an offer for. First of all, you have some concrete numbers in mind, as the amount you will be able to borrow. Being pre-qualified also will make your offer look even better to the seller, like you were bringing them a suitcase of cash! They need not be concerned they have been wasting their time if you will not have the ability to qualify for a high enough mortgage loan. The seller won't wonder if he can trust you to qualify for your loan.Your qualifying for the necessary loan amount won't cause them concern. You have the 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 monthly mortgage payment amount you can afford by helping you pre-qualify. During the process, we determine your borrowing capacity - reviewing your employment, money available for down payment, debt, income, and other areas. We will require a minimum amount of paperwork, and avoid a lengthy process.
Face to Face
It's important for you to sit down and meet with us, even though you are welcome to also use the helpful mortgage loan calculators on our website. That way, we'll be able to help you get your pre-qualification letter. For another thing, we could locate a different mortgage option that better fits your needs. Let us help you get started: Contact us at 650 428 0234.