When to Talk to a Mortgage Professional About Pre-Qualifying
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Even if you haven't narrowed down homes to view yet, it can be important to contact your mortgage pro first. Why? When you don't know yet how much home you want to qualify for, how could we help?
We Will Help You Pre-Qualify
Our mortgage professionals will help you calculate the loan amount you can qualify for and the mortgage payment amount you can afford by getting you pre-qualified. We can accomplish this by reviewing your debts and income, your employment and housing situations, your available funds for a down payment, required reserves, and other financial considerations. We require a minimum amount of paperwork, and avoid a lengthy process.
When you are considered eligible, we document our confidence in your ability to qualify for a loan by giving you a Pre-Qualification Letter (also called a "pre-qual").
When you locate a house that is ideal for you, and you want to make an offer, being pre-qualified for a mortgage will do a couple of things. The first is that you can be sure the amount you can afford when determining your offer.
More important to the seller, your pre-qualification is like your having walked into their house with a bag full of cash ready to make the deal! They will not have to wonder if that they're 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 wonder if he can trust you to qualify for your mortgage in the amount you'll need.Your qualifying for the necessary mortgage loan amount won't be something for them to lose sleep over. You will have the sway of a buyer ready to make the purchase on the spot!
We help with your pre-qualification
We can help determine how much of a mortgage loan you can afford, and how much money you can borrow, by taking you through pre-qualifying. During the process, we calculate your borrowing power - reviewing your employment, available money for down payment, debts, income, and other areas. It is a quick, thorough process with minimal risks for papercuts.
While you are able to benefit from our mortgage calculators on this site, it's a good idea to sit down and talk with one of our mortgage professional team members. We can work toward your pre-qualification letter. Next, we can study your mortgage program choices and be sure you have found the best one. Let us get you started: Call us at (925) 560-7644.
Have questions about pre-qualifying? Call us at (925) 560-7644. We answer pre-qualification questions every day.