The Importance of Pre-Qualification
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Even if you haven't so much as researched houses to visit yet, it's important to visit with your mortgage loan professional early. Why? When you don't know yet how much home you need to qualify for, what can we help you with?
We can help determine how much of a mortgage you can afford, and how much money you may be able to borrow, by walking you through the pre-qualification process. We accomplish this by analyzing your debts and income, your employment and housing circumstances, the available funds for a down payment, required reserves, and some other things. It's short and basic; We take pride in keeping the paperwork to a minimum.
We will give you a Pre-Qualification Letter if you qualify, that states that we are confident you'll qualify for up to a predetermined amount of mortgage loan dollars.
Power in the Pre-Qual
Various advantages open to you after you have found your new house, and have achieved pre-qualification. The first is that you'll know the amount you can afford when calculating the offer.
Being pre-qualified will also make your offer more attractive to the home seller, like you were bringing them a big box of cash! They will not need to wonder if that they're wasting their time if you won't be able to be able to qualify for a big enough mortgage loan. The seller won't be concerned that he won't be able to count on you to qualify for your loan.Your qualifying for your needed loan amount will not cause them concern. You can have the clout of a buyer ready to make the deal on the spot!
We will help you pre-qualify
We can help you calculate how much of a mortgage you can afford, and how much money you can borrow, by taking you through pre-qualifying. During the process, we look at your capacity to borrow - reviewing your employment, money available for down payment, existing debt, income, and other areas. It's quick and to the point; and we take pride in keeping the paperwork light.
One on one
You can certainly use the mortgage calculators on this website to get an idea of how much mortgage you will be able to afford - but it's also essential to meet with us. That way, we can help you get your pre-qualification letter. For another thing, we might locate a different mortgage loan option that fits your goals better. We're waiting to meet with you: call us at (408) 626-1879.
Have questions about pre-qualifying? Call us at (408) 626-1879. We answer pre-qualification questions every day.