When to Talk to Your Mortgage Pro About Pre-Qualification
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It is valuable to consult your mortgage loan professional early — even before you've started to consider neighborhoods. Why? Perhaps it's difficult to fathom the way we could help even before you start to negotiate.
We Will Help You Pre-Qualify
We will help you see how much of a mortgage you can afford, and the amount of money you will be able to borrow, by taking you through the pre-qualification process. In the process, we look at your borrowing capacity - looking at your employment, money available for down payment, existing debt, income, and other areas. We will require a minimum amount of paperwork, and avoid a lengthy process.
We award you a Pre-Qualification Letter if you qualify, that says that we're confident you'll qualify for up to a certain amount of mortgage dollars.
After you find the house that is ideal for you, and you want to make an offer, being pre-qualified for a loan will do several things. First, it helps you know the amount that you're able to offer. Even more important to the existing owner, your pre-qualification gives them confidence - as if you had arrived at their house with a big box of cash to back up the offer! They won't need to worry that that they are wasting their time if you can't have the ability to qualify for a big enough mortgage. The seller of the home won't be concerned that he can't trust you to qualify for your loan.Your qualifying for the necessary loan amount will not cause them concern. They have a virtual guarantee to trust your ability to back up your offer.
We will help you pre-qualify
When we pre-qualify you, we help you determine the amount you can afford in mortgage payments you can afford, and the size of loan you can qualify for. This process takes you through your current financial situation - your debt, income, employment, cash available for down payment, among other things. It is a quick, thorough process with minimal risks for papercuts.
It is important for you to sit down and meet with us, even though you are welcome to also utilize the helpful mortgage loan calculators on our website. That way, we'll help you get your pre-qualification letter. Next, we can review your mortgage options and make sure you are in the right one. Contact us at (909) 467-1090 to get your pre-qualification process started.