The Importance of Pre-Qualifying
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Even if you have not picked out houses to view yet, it is valuable to see your mortgage professional early. Why? How can we help if you haven't made an offer, and do not yet know 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 taking you through the pre-qualification process. The process takes you through your financial situation - your debts, income, career, and down payment money, among other things. We ask for a minimum amount of paperwork, and avoid a lengthy process.
When you are considered eligible, we prove our confidence in your potential to qualify for a loan by giving you a Pre-Qualification Letter (also called a "pre-qual").
Power in the Pre-Qual
When you locate a house that is best for you, and you decide to make an offer, being pre-qualified for a mortgage will do several things. First, you have some general numbers in mind, as the total you will be able to borrow.
More important to the home seller, your pre-qualification is like your having walked into their house with a suitcase full of money to make the deal! They won't need to be concerned that they have been wasting their time if you do not be able to qualify for a high 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 your needed loan amount will not be something for them to be concerned about. You have the clout of a buyer ready to make the deal right now!
We help with your pre-qualification
We will help you see how much of a mortgage you can afford, and how much money you can borrow, by walking you through pre-qualifying. During this process, we look at your ability to borrow - reviewing your earning status, money available for down payment, debt, income, and other circumstances. We will ask for a minimum amount of paperwork, with a quick process.
Face to Face
While you are able to use our mortgage calculators on our site, it's essential to meet with one of our mortgage professional team members. For one thing, you'll need a Pre-Qualification Letter! For another thing, we may be able to find a different mortgage choice that is a better fit for you. Let us help you get started: Contact us at 310-379-5997.
Have questions about pre-qualifying? Call us at 310-379-5997. It's our job to answer pre-qualification questions, so we're happy to help!