When to Talk to Your Mortgage Pro About Pre-Qualifying
It's valuable to consult with your mortgage loan professional as soon as possible — even before you've started to research neighborhoods. Why? It may be difficult to fathom how we can help even before you start to talk about prices and negotiations.
We Can Help You Pre-Qualify
When we pre-qualify you, we help you find out the amount in monthly payments you can afford, and the loan amount you can qualify for. This process leads you through your current financial situation - your debt, income, career, and down payment money, among other things. We will ask for a minimum amount of paperwork, and avoid a lengthy process.
When you are determined to be eligible, we prove our confidence in your potential to qualify for a loan by giving you a Pre-Qualification Letter (also called a "pre-qual").
A number of beneifits open to you after you find your next house, and have achieved pre-qualification power. First, it helps you know the amount that you are able to offer. More important to the home seller, your being pre-qualified is like your having entered their house with a suitcase full of money ready to make the deal! They won't need to worry that that they are wasting their time if you do not have the ability to qualify for a high enough mortgage. The seller won't wonder if he can trust you to qualify for your loan.Your qualifying for the necessary loan amount will not cause them concern. They have a virtual guarantee that they can trust your ability to back up your offer.
We help with your pre-qualification
Our mortgage professionals can help you find out how much of a loan you can qualify for and the monthly mortgage payment amount you can afford by helping you pre-qualify. We will do this by considering your income and debts, your work and residence circumstances, the available funds for a down payment, required reserves, and other financial considerations. It is a quick, thorough process with minimal risks for papercuts.
Face to Face
It's important for you to sit down and talk with us, even though you are welcome to also use the helpful mortgage calculator tools on this site. For one thing, you'll need a Pre-Qualification Letter! Next, we can study your mortgage loan choices to make sure you have chosen the right one. We are waiting to hear from you: call us at (714) 935-0775.
Have questions about pre-qualifying? Call us at (714) 935-0775. We answer pre-qualification questions every day.