Why Pre-Qualification is Important

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Even if you haven't narrowed down houses to visit yet, it's advantageous to visit with your mortgage pro early. What for? Maybe it's difficult to understand the way we can help even before you start to talk about prices and negotiations.

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 may be able to borrow, by walking you through pre-qualifying. During the process, we determine your capacity to borrow - looking at your employment, money available for down payment, debts, income, and other circumstances. We ask for 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"), that says that we are helping you to find the ideal mortgage to fit your situation and that we are confident you will qualify for a mortgage up to a specific amount.

Power in the Pre-Qual

A number of advantages open to you when you've found your new house, and have achieved pre-qualification power. The first is that you can be sure what you can afford when determining the offer. Even more important to the seller of the house, your pre-qualification gives them confidence - as if you'd arrived at their house with a suitcase of cash to make the offer! They will not have to be concerned that they have been wasting their time if you do not be able to qualify for a high enough mortgage. The seller won't be concerned that he won't be able to count on you to qualify for your loan.Your qualifying for the necessary loan amount won't be something for them to lose sleep over. You'll have the sway of a buyer ready to make the purchase right now!

We will help you pre-qualify

We will help you see how much of a mortgage loan you can afford, and how much money you can borrow, by walking you through pre-qualifying. During the process, we calculate your capacity to borrow - looking at your employment, money available for down payment, debts, income, and other areas. It's a quick, thorough process with minimal risks for papercuts.

Face to Face

You can certainly use the calculators on this site to get an idea of how much mortgage you'll be able to afford - but it's also valuable to talk with one of our mortgage professionals. We can walk you through your pre-qualification letter. For another thing, we could locate a different mortgage choice that is a better fit for you. We're waiting to hear from you: contact us at 3103737406.

Have questions about pre-qualifying? Call us at 3103737406. Riviera Funding NMLS#861382 CA DRE Broker #01186669 answers pre-qualifying questions every day.