When to Talk to Your Mortgage Pro
Shopping for a mortgage? We will be glad to help! Give us a call at (408) 626-1879. Ready to begin? Apply Online Now.
It can be helpful to visit with a mortgage loan pro first, even if you haven't decided what sort of house you hope to find. Why? If you don't know yet how much house you need to qualify for, how can we help?
We Will Help You Pre-Qualify
We can help you determine how much of a loan you can qualify for and the mortgage payment amount you can afford by getting you pre-qualified. This process takes you through your current financial situation - your debts, income, career, and cash available for down payment, among other things. We will ask for a minimum amount of paperwork, and avoid a lengthy process.
Once you qualify, we give you a Pre-Qualification Letter (your real estate agent might call it a "pre-qual"), which states that we are working with you to find the ideal loan to meet your needs and that we are confident you will qualify for a mortgage loan for up to a certain amount.
Holding your pre-qualification letter, a number of advantages fall at your feet once you locate the house you want to make an offer on. The first is that you can be sure what you will be able to afford when calculating the offer.
Of greater importance to the seller, your pre-qualification is like your having entered their house with a suitcase full of money to make the deal! They won't need to worry that that they are wasting their time if you don't be able to qualify for a high enough mortgage loan. The seller of the home won't wonder if he can trust you to qualify for your mortgage in the amount you will need.Your qualifying for your needed loan amount will not cause them concern. They have a virtual guarantee to trust your buying power.
We will help you with your pre-qualification
When we pre-qualify you, we help you find out how much of a monthly mortgage payment you can fit in your budget, and how much we of a loan you will qualify for. During the process, we calculate your borrowing capacity - analyzing your earning status, available money for down payment, existing debt, income, and other circumstances. It's quick and basic; and we keep the paperwork light.
While you are able to try our mortgage calculators on our site, it's a good idea to meet with one of our mortgage professional team members. For one thing, you'll want a Pre-Qualification Letter! Then, we will make sure we have the best mortgage program for your situation. Contact us at (408) 626-1879 to get your pre-qualification process started.
Have questions about pre-qualifying? Call us at (408) 626-1879. We answer pre-qualification questions every day.