The Importance of Pre-Qualifying
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Even if you haven't narrowed down homes to view yet, it's important to visit with your mortgage professional early. Why? It may be hard to fathom the ways we can help even before you start to negotiate.
We Will Help You Pre-Qualify
We will help you see how much of a mortgage you can afford, and the amount of money you can borrow, by walking you through the pre-qualification process. We will achieve this by reviewing your income and debts, your work and residence circumstances, the funds available for a down payment, required reserves, and some other things. We require a minimum amount of paperwork, and avoid a lengthy process.
We will award you a Pre-Qualification Letter after you qualify, that states that we are confident you will qualify for a predetermined amount of mortgage loan dollars.
Armed with your pre-qualification letter, several advantages fall at your feet when you locate the home you want to make an offer for. First of all, you have some concrete numbers in mind, as the total you will qualify for on your loan.
Even more important to the seller, your pre-qualification gives them certainty - as if you'd come into their house with a big box of cash to back up the offer! They won't need to worry that that they are wasting their time if you do not be able to qualify for a big enough mortgage. The seller won't worry if he can count on you to qualify for your mortgage in the amount you'll need.Your qualifying for the necessary loan amount will not cause them concern. You can have the influence of a buyer ready to make the purchase right now!
We can help you pre-qualify
When we pre-qualify you, we help you find out the amount you can afford in mortgage payments you can fit in your budget, and the size of loan you will qualify for. We do this by considering your debts and income, your work and residence circumstances, your available funds for a down payment, required reserves, and other financial considerations. It's quick and basic; and we keep the paperwork to a minimum.
One on one
While you can try our mortgage calculators on this website, it's a good idea to meet with one of our mortgage professional team members. For one thing, you'll need a Pre-Qualification Letter! Then, we will make sure we have chosen the ideal mortgage loan program for your situation. Contact us at (510) 683-9850 to get started.
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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