Shopping for a mortgage? We'll be glad to discuss your mortgage needs! Call us at (408) 626-1879. Want to get started? Apply Now.
Even if you have not picked out homes to visit yet, it's important to see your mortgage pro first. What for? When you don't know yet how much home you need to qualify for, what could we do for you?
We will help you see how much of a mortgage you can afford, and the amount of money you may be able to borrow, by taking you through pre-qualifying. During this process, we look at your capacity to borrow - reviewing your earning status, money available for down payment, existing debt, income, and other areas. It is a quick, thorough process with minimal risks for papercuts.
Once you are considered eligible, we will prove our confidence in your capacity to qualify for a loan by giving you a Pre-Qualification Letter (also known as a "pre-qual").
With your pre-qualification letter, several advantages fall at your feet once you locate the home you want to make an offer for. First, it helps you know the amount that you can offer.
Even more important to the seller, your pre-qualification letter gives them certainty - as if you'd come into their house with a big box of cash to make the offer! They won't need to worry that they have been wasting their time if you can't have the ability to qualify for a high enough mortgage loan. The seller won't be concerned that he can't count on you to qualify for your mortgage in the amount you will need.Your qualifying for your needed loan amount won't cause them concern. They have a virtual guarantee to trust your buying power.
We help with your pre-qualification
When we pre-qualify you, we help you figure out the amount you can afford in mortgage payments you can afford, and the size of loan you can qualify for. The process outlines your current financial situation - your debt, income, career, down payment money, among other things. It's short and to the point; and we take pride in keeping the paperwork to a minimum.
Face to Face
It is vital for you to sit down and talk with us, even though you are welcome to also use the helpful mortgage loan calculators on our website. That way, we will be able to help you get your pre-qualification letter. For another thing, we could be able to locate a different mortgage choice that fits your situation better. Let us get you started: Contact us at (408) 626-1879.
Have questions about pre-qualifying? Call us at (408) 626-1879. It's our job to answer pre-qualification questions, so we're happy to help!