When to Speak to Your Mortgage Pro About Pre-Qualification
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Even if you haven't so much as researched homes to visit yet, it can be valuable to contact your mortgage professional first. What for? Maybe it is hard to understand the way we could help even before you begin to talk about prices and negotiations.
We Can Help You Pre-Qualify
We will help you determine how much of a loan you can qualify for and the mortgage payment amount you are able to afford by getting you pre-qualified. In the process, we look at your capacity to borrow - reviewing your earning status, money available for down payment, existing debt, income, and other areas. We will ask for a minimum amount of paperwork, and avoid a lengthy process.
At the point you are determined to be eligible, we prove our confidence in your ability to qualify for a loan by awarding you a Pre-Qualification Letter (also called a "pre-qual").
Power in the Pre-Qual
Holding your pre-qualification letter, a number of advantages fall at your feet when you locate the home you want to put together an offer for. First, it helps you know how much you're able to offer. Even more important to the seller of the house, your pre-qualification letter gives them certainty - as if you had entered their home with a bag of cash to back up the offer! They will not need to wonder if they're wasting their time if you don't have the ability to qualify for a high enough mortgage. The seller won't worry if he can trust 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 lose sleep over. They have a virtual guarantee that they can trust your buying power.
We will help you pre-qualify
We will help you calculate how much of a mortgage loan you can afford, and the amount of money you will be able to borrow, by taking you through pre-qualifying. In this process, we determine your ability to borrow - reviewing your job, available money for down payment, debts, income, and other circumstances. It's a short, thorough process with minimal risks for papercuts.
Face to Face
It is important to sit down and talk with us, even though you are free to also utilize the helpful mortgage calculator tools on this website. We can work toward your pre-qualification letter. Next, we can consider your mortgage choices to be sure you are in the right one. Let us help you get started: Call us at (909) 467-1090.