Why Pre-Qualification is Important
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It's important to consult with your mortgage loan professional early — even before you have started narrowing down neighborhoods. Why? It may be difficult to understand the ways we can help even before you begin to talk about prices and negotiations.
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 pre-qualifying. The process outlines your finances - your debts, income, career, and down payment money, among other things. We require a minimum amount of paperwork, with a short,basic process.
At the point you are considered eligible, we document our confidence in your ability to qualify for a mortgage by presenting you with a Pre-Qualification Letter (also known as a "pre-qual").
When you locate a house that is best for you, and you decide to make an offer, being pre-qualified for a mortgage will do several things. First, you have some definite numbers in mind, as the total you will qualify for with your mortgage loan. More important to the existing home owner, your pre-qualification is like your having entered their house with a suitcase full of money ready to make the deal! They will not need to be concerned that they have been wasting their time if you will not be able to qualify for a big enough mortgage. The seller won't worry if he can trust you to qualify for your loan.Your qualifying for the necessary mortgage loan amount won't cause them concern. They have a virtual guarantee to trust your ability to back up your offer.
We will help you pre-qualify
We can help you see how much of a mortgage you can afford, and the amount of money you can borrow, by walking you through the pre-qualification process. During the process, we explore your ability to borrow - reviewing your job, money available for down payment, debts, income, and other areas. We will require a minimum amount of paperwork, and avoid a lengthy process.
Face to Face
It is vital for you to sit down and meet with us, even though you are free to also use the helpful mortgage loan calculators on this website. We can walk you through your pre-qualification letter. For another thing, we could locate a different mortgage option that fits your goals better. Let us help you get started: Call us at (909) 467-1090.