Why it's Important to Pre-Qualify
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It is helpful to bring in your mortgage professional early — even before you have started to research neighborhoods. Why? If you do not know yet how much house you want to qualify for, how can we help?
We Will Help You Pre-Qualify
We can help you see how much of a mortgage loan you can afford, and how much money you will be able to borrow, by walking you through pre-qualifying. In the process, we calculate your borrowing capacity - analyzing your employment, available money for down payment, existing debt, income, and other areas. It's a short, thorough process with minimal risks for papercuts.
When you are considered eligible, we prove our confidence in your potential to qualify for a mortgage loan by awarding you a Pre-Qualification Letter (also known as a "pre-qual").
Power in the Pre-Qual
Various advantages open to you when you've found your new house, and have pre-qualification. First, it helps you know the amount that you're able to offer. Your pre-qualification also will make your offer more attractive to the seller, as if you were bringing them a suitcase full of cash! They need not be concerned they are wasting their time if you can't be able to qualify for a high enough mortgage. The seller won't be concerned that he won't be able to trust you to qualify for your mortgage in the amount you'll need.Your qualifying for your needed mortgage loan amount will not be something for them to be concerned about. You'll have the clout of a buyer ready to make the purchase right now!
We can help you pre-qualify
We will help you calculate how much of a mortgage you can afford, and how much money you can borrow, by taking you through pre-qualifying. We will achieve this by reviewing your income and debts, your work and housing situations, the funds available for down payment, required reserves, and other financial considerations. It's short and to the point; and we keep the paperwork light.
Face to Face
You can certainly use the calculators on this site to get an idea of how much mortgage you'll be able to afford - but it's also important to talk with one of our mortgage professionals. For one thing, you'll want a Pre-Qualification Letter! For another thing, we may be able to find a different mortgage loan option that better fits your needs. We are waiting to hear from you: call us at (760) 337-8100.