Are you looking for a new mortgage? We'd be thrilled to answer your questions about your mortgage needs! Give us a call today at (408) 626-1879. Ready to get started? Apply Here.
Even if you have not picked out houses to visit yet, it's important to visit with your mortgage loan professional first. What for? What can we do for you if you haven't negotiated a purchase amount, and don't know yet the amount you need to borrow?
We Can Help You Pre-Qualify
We can help you calculate how much of a mortgage loan you can afford, and how much money you can borrow, by walking you through the pre-qualification process. We can achieve this by analyzing your income and debts, your work and residence situations, your funds available for down payment, required reserves, and some other things. We ask for a minimum amount of paperwork, with a quick process.
After you qualify, will present to you what's called a Pre-Qualification Letter (your real estate agent might refer to it as a "pre-qual"), which states that we are helping you to find the right loan to fit your needs and that we're confident you will qualify for a mortgage loan for a certain amount.
Holding your pre-qualification letter, several advantages are yours at the point you find the house you want to put together an offer for. First, you have some definite numbers in mind, as the total you will qualify for on your mortgage.
Even more important to the seller of the home, your pre-qualification letter gives them certainty - as if you'd arrived at their house with a big box of cash to make the offer! They need not wonder if they are wasting their time if you do not be able to qualify for a high enough mortgage. The seller of the home 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 won't cause them concern. You have the ability to back your offer up.
We will help you with your pre-qualification
We will help you calculate how much of a mortgage loan you can afford, and how much money you can borrow, by walking you through the pre-qualification process. This process leads you through your finances - your debts, income, employment, down payment money, among other things. It's short and basic; and we take pride in keeping the paperwork light.
One on one
While you can use our mortgage calculators on our website, it's a good idea to sit down and talk with us. We can walk you through your pre-qualification letter. Next, we can consider your mortgage program options to be sure you have chosen the right one. Contact us at (408) 626-1879 to get started.
Have questions about pre-qualifying? Call us at (408) 626-1879. We answer pre-qualification questions every day.