Why it's Important to Pre-Qualify
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It is important to visit with a mortgage loan pro early, even if you haven't settled on the kind of house you hope to find. What for? Perhaps it is hard to understand how we can help even before you start to talk about prices and negotiations.
We will help you determine how much of a loan you can qualify for and the monthly payment amount you are able to afford by getting you pre-qualified. We do this by considering your income and debts, your work and residence circumstances, the available funds for a down payment, required reserves, and some other things. It's short and basic; We take pride in keeping the paperwork to a minimum.
We will give you a Pre-Qualification Letter when you qualify, which documents that we're confident you can qualify for a certain amount of mortgage loan dollars.
After you locate the house that is right for you, and you want to make an offer, being pre-qualified for a mortgage loan will do several things. The first is that you will be sure what you'll be able to afford when determining the offer.
More important to the current home owner, your pre-qualification is like your having walked into their front door with a bag full of cash ready to make the deal! They won't need to wonder if they are wasting their time if you won't be able to be able to qualify for a high enough mortgage. The seller won't be concerned that he can't trust you to qualify for your loan.Your qualifying for the necessary loan amount won't cause them concern. You have the ability to back up your offer.
We will help you pre-qualify
When we pre-qualify you, we help you figure out how much of a monthly payment you can afford, and the loan amount you can qualify for. During the process, we determine your capacity to borrow - looking at your earning status, available money for down payment, debt, income, and other areas. It's short and basic; and we keep the paperwork to a minimum.
While you are able to benefit from our tools to calculate mortgage variables on our site, it will be essential to meet with us. For one thing, you will want a Pre-Qualification Letter! Next, we can study your mortgage loan options to be sure you have selected the right one. Let us get you started: Call us at (510) 683-9850.
Have questions about pre-qualifying? Call us at (510) 683-9850. It's our job to answer pre-qualification questions, so we're happy to help!
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