Why it's Important to Pre-Qualify
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Even if you haven't so much as narrowed down homes to view yet, it's advantageous to see your mortgage pro early. Why? If you do not yet know how much house you need to qualify for, what could we do for you?
We Will Help You Pre-Qualify
Our mortgage professionals can help you calculate the loan amount you can qualify for and the monthly mortgage payment amount you are able to afford by helping you pre-qualify. This process leads you through your finances - your debts, income, career, and cash available for down payment, among other things. It is a short, thorough process with minimal risks for papercuts.
When you qualify, will present to you what's called a Pre-Qualification Letter (your real estate agent might refer to it as a "pre-qual"), which documents the fact that we are working with you to find the right loan to meet your needs and that we are confident you will qualify for a loan for a certain amount.
When you locate a house that is best for you, and you decide to put together an offer, being pre-qualified for a loan will do several things. The first is that you can know the amount you'll be able to afford when putting together your offer.
Your pre-qualification also will make your offer look even better to the seller, as if you were bringing them a suitcase full of cash! They will not need to wonder if that they have been wasting their time if you do not have the ability to qualify for a high enough mortgage loan. The seller won't be concerned that he can't trust you to qualify for your mortgage in the amount you'll need.Your qualifying for the necessary mortgage loan amount will not cause them concern. You have the capability to back up your offer.
We can help you pre-qualify
Our mortgage professionals will help you determine how much of a loan you can qualify for and the monthly payment amount you can afford by helping you pre-qualify. We will achieve this by analyzing your income and debts, your employment and residence circumstances, the funds available for a down payment, required reserves, and some other things. It is a quick, thorough process with minimal risks for papercuts.
Face to Face
It's important for you to sit down and meet with us, even though you are welcome to also try the helpful mortgage calculators on this website. We can walk you through your pre-qualification letter. Then, we will make sure we have the ideal mortgage loan program for you. Let us help you get started: Call us at (310) 373-7406.
Have questions about pre-qualifying? Call us at (310) 373-7406. We answer pre-qualification questions every day.