The Importance of Pre-Qualifying
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Even if you have not so much as researched homes to view yet, it's important to see your mortgage professional early. Why? If you do not know yet how much house you want to qualify for, what can we do for you?
We Will Help You Pre-Qualify
Our mortgage professionals will help you find out how much of a loan you can qualify for and the monthly mortgage payment amount you are able to afford by helping you pre-qualify. During the process, we determine your capacity to borrow - looking at your employment, available money for down payment, debts, income, and other circumstances. We ask for a minimum amount of paperwork, with a short,basic process.
We'll award you a Pre-Qualification Letter when you qualify, that says that we are confident you'll qualify for up to a specific amount of mortgage dollars.
Some advantages open to you when you have found your new house, and have achieved pre-qualification. The first is that you can be sure the amount you can afford when calculating your offer.
Even more important to the existing owner, your pre-qualification letter gives them confidence - as if you'd entered their house with a bag of cash to make the offer! They won't have to worry that that they are wasting their time if you will not be able to qualify for a big enough mortgage. The seller of the home won't wonder if he can trust you to qualify for your loan.Your qualifying for your needed loan amount will not cause them concern. You'll have the clout of a buyer ready to make the deal right now!
We can help you pre-qualify
When we pre-qualify you, we help you determine the amount you can afford in monthly mortgage payments you can afford, and the loan amount you can qualify for. We can achieve this by reviewing your income and debts, your employment and residence circumstances, your available funds for down payment, required reserves, and other considerations. It's quick and to the point; and we keep the paperwork to a minimum.
Face to Face
You can certainly use the mortgage calculators here on this website to get an idea of how much mortgage you'll be able to afford - but it's also essential to talk with one of our mortgage professionals. For one thing, you'll need a Pre-Qualification Letter! Then, we will make sure we have chosen the right mortgage loan program for your situation. Let us help you get started: Call 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.