When to Talk to a Mortgage Pro About Pre-Qualification
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It is important to see a mortgage loan pro first, even before you have determined what sort of house you hope to find. Why? If you don't know yet how much home you want to qualify for, how could we help?
We Will Help You Pre-Qualify
We will help you see how much of a mortgage loan you can afford, and how much money you will be able to borrow, by walking you through the pre-qualification process. In this process, we explore your capacity to borrow - looking at your job, money available for down payment, debt, income, and other areas. It's a quick, thorough process with minimal risks for papercuts.
When you are considered eligible, we prove our confidence in your ability to qualify for a mortgage loan by awarding you a Pre-Qualification Letter (also known as a "pre-qual").
Power in the Pre-Qual
Some beneifits open to you when you have found your new house, and have pre-qualification power. First, you have some definite numbers in mind, as the amount you can borrow.
Even more important to the seller of the house, your pre-qualification gives them certainty - as if you'd entered their house with a suitcase of cash to back up the offer! They need not worry that they have been wasting their time if you don't be able to qualify for a high enough mortgage loan. The seller of the home won't worry if he can count on you to qualify for your mortgage in the amount you will need.Your qualifying for the necessary mortgage loan amount won't be something for them to lose sleep over. They have a virtual guarantee that they can trust your ability to back up your offer.
We help with your pre-qualification
Our mortgage professionals can help you find out the loan amount you can qualify for and the monthly payment amount you are able to afford by getting you pre-qualified. The process takes you through your finances - your debt, income, job, down payment money, among other things. It's short and basic; and we take pride in keeping the paperwork light.
It's vital for you to sit down and talk with us, even though you are free to also use the helpful mortgage loan calculators on our site. For one thing, you will want a Pre-Qualification Letter! Then, we can make sure we have found the right mortgage loan program for you. Contact us at 310-379-5997 to get your pre-qualification process started.
Have questions about pre-qualifying? Call us at 310-379-5997. Real Property Finance answers pre-qualifying questions every day.
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