Why it's Important to Pre-Qualify
Even if you have not narrowed down houses to visit yet, it is important to see your mortgage professional first. Why? It might be hard to understand the ways we can help even before you start to negotiate.
We Can Help You Pre-Qualify
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 pre-qualifying. We will achieve this by considering your income and debts, your employment and housing situations, the available funds for down payment, required reserves, and some other things. It's a quick, thorough process with minimal risks for papercuts.
After you are considered eligible, we prove our confidence in your capacity to qualify for a loan by awarding you a Pre-Qualification Letter (also known as a "pre-qual").
A number of beneifits open to you when you find your new house, and have pre-qualification power. First of all, you have some definite numbers in mind, as the amount you can borrow.
Even more important to the seller of the house, your pre-qualification letter gives them confidence - as if you'd arrived at their home with a big box of cash to back up the offer! They won't have to worry that they are wasting their time if you can't qualify for a big enough mortgage loan. The seller won't worry if he can count on you to qualify for your loan.Your qualifying for your needed loan amount will not cause them concern. You have the capability to back up your offer.
We will help you pre-qualify
When we pre-qualify you, we help you decide how much of a monthly payment you can afford, and the loan amount you will qualify for. We achieve this by reviewing your income and debts, your employment and residence situations, the available funds for a down payment, required reserves, and some other things. It is a quick, thorough process with minimal risks for papercuts.
Face to Face
While you are encouraged to benefit from our tools to calculate mortgage variables on this site, it's essential to sit down and talk with one of our mortgage professional team members. We can work toward your pre-qualification letter. For another thing, we could locate a different mortgage program that better fits your needs. We're waiting to hear from you: contact us at 916-821-7884.
Have questions about pre-qualifying? Call us at 916-821-7884. We answer pre-qualification questions every day. Ready to get pre approved? Fill out our online application and be pre approved in hours!