When to Talk to Your Mortgage Pro
Shopping for a mortgage loan? We can help! Give us a call today at (310) 373-7406. Ready to get started? Apply Now.
Even if you haven't so much as researched homes to visit yet, it's important to see your mortgage pro first. Why? How can we help you if you haven't made an offer, and don't know yet the amount you need to borrow?
We will help determine how much of a mortgage you can afford, and how much money you can borrow, by taking you through pre-qualifying. The process leads you through your finances - your debt, income, job, and down payment money, among other things. It's short and to the point; We keep the paperwork light.
We will give you a Pre-Qualification Letter after you qualify, which documents that we are confident you'll qualify for up to a predetermined amount of mortgage dollars.
Various advantages open to you when you've found your new house, and have achieved pre-qualification. First, it lets you know the amount that you are able to offer.
More important to the existing home owner, your pre-qualification is like your having entered their house with a suitcase full of money ready to purchase their house! They won't need to be concerned they are wasting their time if you will not be able to qualify for a high enough mortgage. The seller of the home won't be concerned that he can't trust you to qualify for your loan.Your qualifying for the necessary loan amount will not 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 will help you with your pre-qualification
Our mortgage professionals will help you calculate how much of a loan you can qualify for and the monthly payment amount you are able to afford by getting you pre-qualified. We accomplish this by analyzing your income and debts, your employment and residence situations, your available funds for a down payment, required reserves, and some other things. We require a minimum amount of paperwork, and avoid a lengthy process.
Face to Face
It's vital for you to sit down and meet with us, even though you are free to also try the helpful mortgage calculator tools on our site. For one thing, you'll want a Pre-Qualification Letter! Then, we'll make sure we have found the right mortgage program for your situation. Contact us at (310) 373-7406 to get started.
Have questions about pre-qualifying? Call us at (310) 373-7406. Riviera Funding answers pre-qualifying questions every day.