Why Pre-Qualification is Important
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It is helpful to visit with a mortgage loan pro early, even if you haven't settled on the sort of house you hope to find. What for? When you do not yet know how much house you need to qualify for, what can we help you with?
We can help you determine the loan amount you can qualify for and the monthly mortgage payment amount you can afford by getting you pre-qualified. In the process, we explore your borrowing capacity - reviewing your employment, available money for down payment, debt, income, and other areas. It's short and to the point; We keep the paperwork to a minimum.
We will award you a Pre-Qualification Letter after you qualify, which documents that we're confident you can qualify for a certain amount of mortgage dollars.
When you find a house that is best for you, and you decide to make an offer, being pre-qualified for a mortgage loan will do several things. The first is that you will be sure the amount you'll be able to afford when calculating your offer.
Even more important to the seller of the house, your pre-qualification letter gives them certainty - as if you'd entered their home with a suitcase of cash to back up the offer! They won't need to wonder if that they have been wasting their time if you do not have the ability to qualify for a big enough mortgage loan. The seller won't wonder if he can count on you to qualify for your loan.Your qualifying for the necessary loan amount won't cause them concern. They have a virtual guarantee to trust your ability to back up your offer.
We can help you pre-qualify
We will help you find out how much of a loan you can qualify for and the monthly mortgage payment amount you are able to afford by helping you pre-qualify. This process outlines your financial situation - your debt, income, employment, down payment money, among other things. It is a quick, thorough process with minimal risks for papercuts.
Face to Face
While you can benefit from our mortgage calculators on our website, it will be a good idea to meet with us. For one thing, you will need a Pre-Qualification Letter! For another thing, we could find a different mortgage loan option that fits your situation better. Contact us at 714-891-0266 to get your pre-qualification process started.
Have questions about pre-qualifying? Call us at 714-891-0266. It's our job to answer pre-qualification questions, so we're happy to help!