Why Pre-Qualification is Important
Shopping for a mortgage loan? We can help! Call us at (408) 626-1879. Ready to begin? Apply Here.
Even if you haven't narrowed down homes to visit yet, it's valuable to contact your mortgage professional early. What for? If you don't yet know how much house you need to qualify for, what could we do for you?
We will help you find out how much of a loan you can qualify for and the mortgage payment amount you are able to afford by getting you pre-qualified. During the process, we look at your capacity to borrow - analyzing your employment, available money for down payment, debt, income, and other areas. It's short and to the point; We keep the paperwork light.
We give you a Pre-Qualification Letter once you qualify, that says that we're confident you'll qualify for up to a specific amount of mortgage loan dollars.
When you locate the house that meets your needs, and you want to make an offer, being pre-qualified for a loan will do a number of things. First, it helps you know how much you're able to offer.
Of greater importance to the existing home owner, your pre-qualification is like your having entered their house with a suitcase full of cash ready to make the deal! They will not have to worry that that they're wasting their time if you do not be able to qualify for a big enough mortgage. The seller won't wonder if he can count on you to qualify for your mortgage in the amount you will need.Your qualifying for the necessary mortgage loan amount won't cause them concern. You have the ability to back up your offer.
We will help you with your pre-qualification
When we pre-qualify you, we help you determine how much of a monthly payment you can afford, and the loan amount you will qualify for. The process outlines your finances - your debts, income, employment, down payment money, among other things. It's quick and to the point; and we keep the paperwork to a minimum.
Face to Face
While you are encouraged to benefit from our tools to calculate mortgage variables on our website, it is essential to sit down and talk with one of our mortgage professional team members. We can begin working on your pre-qualification letter. Then, we will make sure we have the right mortgage loan program for your situation. 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.