When to Speak to a Mortgage Pro About Pre-Qualification
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It is important to bring in your mortgage professional early — even before you have started to consider neighborhoods. What for? Perhaps it's difficult to understand the ways we could help even before you begin to calculate your offer.
We Can Help You Pre-Qualify
When we pre-qualify you, we help you figure out the amount in monthly payments you can fit in your budget, and how much we of a loan you will qualify for. We can achieve this by analyzing your income and debts, your employment and housing circumstances, your available funds for a down payment, required reserves, and some other things. It's quick and basic; We keep the paperwork light.
We give you a Pre-Qualification Letter once you qualify, that documents that we are confident you will qualify for up to a certain amount of mortgage loan dollars.
Power in the Pre-Qual
Several advantages open to you after you find your new house, and have pre-qualification power. The first is that you will know the amount you'll be able to afford when calculating the offer. More important to the home seller, your pre-qualification is like your having walked into their house with a bag full of money ready to purchase the house! They won't need to be concerned they have been wasting their time if you will not 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 mortgage loan amount won't cause them concern. You have the capability to back up your offer.
We can help you pre-qualify
We can help determine how much of a mortgage loan you can afford, and the amount of money you will be able to borrow, by walking you through the pre-qualification process. During the process, we look at your capacity to borrow - looking at your earning status, available money for down payment, existing debt, income, and other circumstances. It's a quick, thorough process with minimal risks for papercuts.
One on one
It is vital for you to sit down and talk with us, even though you are welcome to also try the helpful mortgage calculators on our site. That way, we'll be able to help you get your pre-qualification letter. Then, we will make sure we have chosen the best mortgage program for your situation. Contact us at (909) 467-1090 to get started.