Why Pre-Qualification is Important
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It's valuable to visit with a mortgage professional early, even before you've decided what sort of house you hope to find. Why? What can we do for you before you have negotiated an amount, and do not know yet how much you want to borrow?
We Can Help You Pre-Qualify
We will help you calculate 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. In the process, we calculate your capacity to borrow - analyzing your earning status, available money for down payment, existing debt, income, and other circumstances. It's short and basic; We take pride in keeping the paperwork to a minimum.
Once you are considered eligible, we will prove our confidence in your capacity to qualify for a mortgage by giving you a Pre-Qualification Letter (also known as a "pre-qual").
Various beneifits open to you when you find your next house, and have pre-qualification. First, it lets you know how much you're able to offer.
Of greater importance to the home seller, your pre-qualification is like your having entered their house with a bag full of money ready to make the deal! They need not wonder if that they have been wasting their time if you will not be able to qualify for a big enough mortgage loan. The seller won't be concerned that he won't be able to trust you to qualify for your loan.Your qualifying for your needed loan amount won't be something for them to worry about. They have a virtual guarantee to trust your ability to back up your offer.
We will help you pre-qualify
When we pre-qualify you, we help you decide the amount you can afford in monthly payments you can afford, and the size of loan you will qualify for. In the process, we calculate your capacity to borrow - reviewing your earning status, money available for down payment, existing debt, income, and other areas. It's short and to the point; and we keep the paperwork light.
While you are able to benefit from our mortgage calculators on this website, it's essential to meet with us. For one thing, you'll need a Pre-Qualification Letter! Then, we will make sure we have the ideal mortgage loan program for your situation. Let us get you started: Call us at 310-379-5997.
Have questions about pre-qualifying? Call us at 310-379-5997. We answer pre-qualification questions every day.