Why it's Important to Pre-Qualify
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It's helpful to visit with a mortgage loan pro early, even if you haven't settled on what sort of house to search for. Why? What can we do for you before you have negotiated an amount, and don't know yet the amount you need to borrow?
We Can Help You Pre-Qualify
When we pre-qualify you, we help you determine how much of a monthly mortgage payment you can afford, and the size of loan you can qualify for. We will achieve this by analyzing your income and debts, your work and housing circumstances, the funds available for down payment, required reserves, and some other things. It's a quick, thorough process with minimal risks for papercuts.
At the point you are determined to be eligible, we will prove our confidence in your potential to qualify for a mortgage loan by giving you a Pre-Qualification Letter (also called a "pre-qual").
A number of advantages open to you after you have found your next house, and have pre-qualification power. First, it lets you know how much you can offer.
More important to the home seller, your being pre-qualified is like your having entered their house with a suitcase full of money ready to make the deal! They won't need to wonder if they are wasting their time if you can't have the ability to qualify for a big enough mortgage loan. The seller won't be concerned that he can't count on you to qualify for your mortgage in the amount you will need.Your qualifying for the necessary mortgage loan amount will not be something for them to worry about. You'll have the sway of a buyer ready to make the deal right now!
We will help you pre-qualify
When we pre-qualify you, we help you determine how much of a monthly payment you can fit in your budget, and the loan amount you can qualify for. In the process, we calculate your capacity to borrow - reviewing your earning status, money available for down payment, debts, income, and other circumstances. We will require a minimum amount of paperwork, with a short, basic process.
It is important to sit down and talk with us, even though you are welcome to also utilize the helpful mortgage loan calculators on this site. For one thing, you'll need a Pre-Qualification Letter! For another thing, we could find a different mortgage loan option that better fits your needs. Let us help you get started: Contact us at 310-379-5997.
Have questions about pre-qualifying? Call us at 310-379-5997. Real Property Finance answers pre-qualifying questions every day.