When to Speak to a Mortgage Pro About Pre-Qualifying
|Shopping for a mortgage loan? We will be glad to assist you! Call us at (760) 337-8100. Ready to begin? Apply Now.|
It is important to see a mortgage loan pro early, even before you have decided the kind of house you hope to find. Why? What can we do for you if you have not made your offer, and don't know yet how much you want to borrow?
We can help you calculate 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. This process walks you through your current financial situation - your debt, income, employment, and cash available for down payment, among other things. It is a quick, thorough process with minimal risks for papercuts.
We give you a Pre-Qualification Letter once you qualify, which states that we're confident you'll qualify for up to a specific amount of mortgage loan dollars.
Holding your pre-qualification letter, some advantages are yours when you find the house you want to put together an offer on. The first is that you can be sure the amount you'll be able to afford when determining the offer. Even more important to the seller of the house, your pre-qualification gives them certainty - as if you had come to their house with a bag of cash to back up the offer! They will not need to worry that they're wasting their time if you don't have the ability to qualify for a high enough mortgage. The seller of the home won't be concerned that he can't trust you to qualify for your mortgage in the amount you will need.Your qualifying for the necessary loan amount will not be something for them to be concerned about. You will have the sway of a buyer ready to make the purchase right now!
We help 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 loan amount you can qualify for. We will do this by analyzing your income and debts, your employment and residence circumstances, your funds available for down payment, required reserves, and some other things. It's quick and to the point; and we keep the paperwork to a minimum.
You can certainly use the mortgage calculators on our website to calculate how much mortgage you will be able to afford - but it's also valuable to talk with us. That way, we'll be able to help you get your pre-qualification letter. Then, we will make sure we have found the right mortgage loan program for you. Contact us at (760) 337-8100 to get started.