The Importance of Pre-Qualification
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It can be important to see a mortgage loan pro early, even before you have decided what type of home to look for. Why? How can we help if you haven't negotiated a purchase amount, and do not know yet the amount you want to borrow?
We Can Help You Pre-Qualify
We can help you find out the loan amount you can qualify for and the monthly payment amount you are able to afford by helping you pre-qualify. This process leads you through your current financial situation - your debt, income, job, and down payment money, among other things. It's a quick, thorough process with minimal risks for papercuts.
Once you qualify, we present to you what's called a Pre-Qualification Letter (your real estate agent might call it a "pre-qual"), that says that we are helping you to find the ideal mortgage loan program to meet your needs and that we're confident you will qualify for a mortgage loan up to a certain amount.
Power in the Pre-Qual
Once you locate the house that catches your eye, and you want to make an offer, being pre-qualified for a mortgage will do several things. First, you have some concrete numbers in mind, as the amount you will be able to borrow.
Of greater importance to the seller, your pre-qualification is like your having walked into their front door with a bag full of money to purchase their house! They will not need to wonder if that they're wasting their time if you do not be able to qualify for a high enough mortgage loan. The seller won't be concerned that he won't be able to count on you to qualify for your mortgage in the amount you'll need.Your qualifying for the necessary mortgage loan amount won't be something for them to be concerned about. You have the capability to back your offer up.
We will help you with your pre-qualification
When we pre-qualify you, we help you figure out how much of a monthly mortgage payment you can afford, and the size of loan you will qualify for. The process takes you through your financial situation - your debt, income, employment, down payment money, among other things. It is a quick, thorough process with minimal risks for papercuts.
One on one
While you are able to use our mortgage calculators on this website, it will be a good idea to sit down and talk with us. That way, we'll be able to help you get your pre-qualification letter. For another thing, we could find a different mortgage choice that fits your goals better. 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.