The Importance of Pre-Qualifying
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It's helpful to visit with a mortgage loan pro early, even before you've determined what sort of house to search for. What for? It may be hard to understand the ways we can help even before you begin to negotiate.
We Can Help You Pre-Qualify
When we pre-qualify you, we help you find out the amount in monthly payments you can fit in your budget, and the loan amount you will qualify for. We achieve this by analyzing your debts and income, your employment and housing circumstances, the funds available for a down payment, required reserves, and other financial considerations. It's a short, thorough process with minimal risks for papercuts.
Once you qualify, will present to you a Pre-Qualification Letter (your real estate agent might call it a "pre-qual"), which says that we are partnering with you to find the right mortgage loan program to meet your situation and that we're confident you'll qualify for a loan for a specific amount.
Once you locate the house that is right for you, and you want to put together an offer, being pre-qualified for a loan will do a number of things. First of all, you have some definite numbers in mind, as the amount you will qualify for on your mortgage loan. Even more important to the seller, your pre-qualification status gives them confidence - as if you'd come to their home with a bag of cash to back up the offer! They will not have to worry that they are wasting their time if you can't have the ability to qualify for a big enough mortgage loan. The seller of the home won't worry if he can trust you to qualify for your loan.Your qualifying for the necessary loan amount won't be something for them to fret over. You have the capability to back up your offer.
We will help you pre-qualify
Our mortgage professionals can help you determine the loan amount you can qualify for and the mortgage payment amount you are able to afford by getting you pre-qualified. This process takes you through your finances - your debts, income, job, cash available for down payment, among other things. We as for a minimum amount of paperwork, and avoid a lengthy process.
One on one
It is important to sit down and meet with us, even though you are welcome to also try the helpful mortgage loan calculators on this site. That way, we'll be able to help you get your pre-qualification letter. For another thing, we might find a different mortgage choice that better fits your needs. Let us help you get started: Contact us at 408.399.0103.