Why Pre-Qualification is Important
|Searching for mortgage advice? We can help! Call us at (909) 467-1090. Ready to begin? Apply Now.|
It's helpful to bring in your mortgage loan professional early — even before you have started to research neighborhoods. What for? If you do not know yet how much home you need to qualify for, how could we help?
We Will Help You Pre-Qualify
We can help you determine how much of a loan you can qualify for and the monthly mortgage payment amount you are able to afford by getting you pre-qualified. In the process, we calculate your borrowing capacity - analyzing your employment, available money for down payment, debts, income, and other areas. We require a minimum amount of paperwork, and avoid a lengthy process.
When you are determined to be eligible, we document our confidence in your capacity to qualify for a mortgage by awarding you a Pre-Qualification Letter (also known as a "pre-qual").
Power in the Pre-Qual
Several advantages open to you when you find your new house, and have pre-qualification. The first is that you can be sure the amount you can afford when calculating your offer. Even more important to the present owner, your pre-qualification status gives them certainty - as if you'd arrived at their house with a suitcase of cash to back up the offer! They will not need to worry that they have been wasting their time if you don't be able to qualify for a high enough mortgage. The seller of the home won't wonder if he can trust you to qualify for your mortgage in the amount you will need.Your qualifying for your needed loan amount will not be something for them to fret over. You have the capability to back your offer up.
We will help you pre-qualify
When we pre-qualify you, we help you determine how much of a monthly mortgage payment you can afford, and the loan amount you can qualify for. We will do this by considering your income and debts, your work and housing circumstances, the funds available for down payment, required reserves, and some other things. It's a short, thorough process with minimal risks for papercuts.
Face to Face
While you are encouraged to try our tools to calculate mortgage variables on our site, it is essential to sit down and talk with us. We can walk you through your pre-qualification letter. Then, we can make sure we have selected the best mortgage program for you. Let us help you get started: Call us at (909) 467-1090.