When to Talk to a Mortgage Pro
Shopping for a mortgage? We will be glad to help! Call us at (310) 373-7406. Ready to begin? Apply Here.
It is helpful to consult with your mortgage professional as soon as possible — even before you have started to consider neighborhoods. What for? How can we help you before you have made an offer, and do not know yet the amount you want to borrow?
We Will Help You Pre-Qualify
We can help determine how much of a mortgage you can afford, and the amount of money you can borrow, by walking you through the pre-qualification process. In the process, we look at your borrowing power - looking at your employment, available money for down payment, debts, income, and other circumstances. We will require a minimum amount of paperwork, and avoid a lengthy process.
Once you qualify, will give you what's called a Pre-Qualification Letter (your real estate agent might call it a "pre-qual"), which documents the fact that we are partnering with you to find the best mortgage loan to meet your situation and that we're confident you'll qualify for a mortgage for a certain amount.
Various beneifits open to you when you find your new house, and have achieved pre-qualification. First, it helps you know the amount that you're able to offer.
Being pre-qualified will also make your offer look even better to the home seller, like you were bringing them a bag full of cash! They won't need to wonder if that they are wasting their time if you can't have the ability to qualify for a high enough mortgage. The seller won't wonder if he can trust you to qualify for your mortgage in the amount you'll need.Your qualifying for your needed loan amount will not be something for them to lose sleep over. 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 determine how much of a monthly mortgage payment you can afford, and the size of loan you can qualify for. This process takes you through your financial situation - your debts, income, career, cash available for down payment, among other things. It is a quick, thorough process with minimal risks for papercuts.
One on one
You can certainly use the calculators available on our site to calculate the size mortgage you'll be able to afford - but it's also valuable to talk with us. That way, we will help you get your pre-qualification letter. For another thing, we may locate a different mortgage program that fits your goals better. We're waiting to meet with you: contact us at (310) 373-7406.
Have questions about pre-qualifying? Call us at (310) 373-7406. Riviera Funding answers pre-qualifying questions every day.