Why Pre-Qualification is Important
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It's important to bring in your mortgage professional early — even before you've begun researching neighborhoods. Why? What can we do for you if you haven't made your offer, and don't know yet the amount you need to borrow?
We can help you see how much of a mortgage loan you can afford, and the amount of money you can borrow, by walking you through pre-qualifying. This process outlines your financial situation - your debts, income, employment, and cash available for down payment, among other things. It's short and to the point; We keep the paperwork light.
We'll award you a Pre-Qualification Letter once you qualify, which documents that we're confident you'll qualify for a predetermined amount of mortgage dollars.
After you locate the house that is ideal for you, and you decide to make an offer, being pre-qualified for a mortgage loan will do several things. The first is that you can know what you will be able to afford when determining the offer.
Of greater importance to the existing home owner, your pre-qualification is like your having entered their house with a suitcase full of money ready to make the deal! They will not need to worry that they have been wasting their time if you will not have the ability to qualify for a big enough mortgage. The seller of the home 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 the necessary loan amount won't be something for them to lose sleep over. You have the ability to back up your offer.
We will help you with your pre-qualification
We can help determine 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. In this process, we look at your borrowing capacity - looking at your job, available money for down payment, debts, income, and other circumstances. It's quick and to the point; and we keep the paperwork to a minimum.
While you can use our tools to calculate mortgage variables on this website, it is essential to meet with one of our mortgage professional team members. We can work toward your pre-qualification letter. Then, we can make sure we have the ideal mortgage program for your situation. Let us help you get started: Contact 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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