Why Pre-Qualify?

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Even if you have not researched houses to visit yet, it is advantageous to see your mortgage pro early. What for? What can we do for you before you have negotiated a purchase amount, and do not yet know how much you need to borrow?

Pre-Qualify

When we pre-qualify you, we help you decide the amount in monthly mortgage payments you can fit in your budget, and the loan amount you will qualify for. During the process, we calculate your capacity to borrow - reviewing your earning status, money available for down payment, debts, income, and other areas. It's quick and basic; We keep the paperwork to a minimum.

After you are considered eligible, we will prove our confidence in your ability to qualify for a mortgage by presenting you with a Pre-Qualification Letter (also called a "pre-qual").

Power in the Pre-Qual

Several advantages open to you when you find your new house, and have achieved pre-qualification power. First, it lets you know how much you can offer. Even more important to the existing owner, your pre-qualification gives them confidence - as if you had come to their house with a bag of cash to make the offer! They won't need to worry that that they have been wasting their time if you do not be able to qualify for a high enough mortgage loan. The seller of the home won't worry if he can trust you to qualify for your loan.Your qualifying for the necessary loan amount will not be something for them to lose sleep over. You have the capability to back up your offer.

We can help you pre-qualify

We will help you see how much of a mortgage loan you can afford, and the amount of money you may be able to borrow, by walking you through the pre-qualification process. This process walks you through your current financial situation - your debt, income, job, down payment money, among other things. We will require a minimum amount of paperwork, and avoid a lengthy process.

Face to Face

It is vital to sit down and talk with us, even though you are free to also utilize the helpful mortgage calculator tools on this site. That way, we can help you get your pre-qualification letter. For another thing, we could find 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.

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Riviera Funding NMLS#861382 CA DRE Broker #01186669

1801 S. Catalina Avenue Suite #201
Redondo Beach, CA 90277