When to Talk to Your Mortgage Pro About Pre-Qualifying
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Even if you have not researched houses to view yet, it's valuable to contact your mortgage loan professional early. What for? Perhaps it is difficult to fathom the ways we could help even before you start to talk about prices and negotiations.
We can help you calculate the loan amount you can qualify for and the monthly payment amount you can afford by getting you pre-qualified. During the process, we look at your borrowing potential - analyzing your employment, money available for down payment, existing debt, income, and other areas. We will require a minimum amount of paperwork, and avoid a lengthy process.
When you are determined to be eligible, we prove our confidence in your potential to qualify for a loan by presenting you with a Pre-Qualification Letter (also known as a "pre-qual").
Several advantages open to you after you have found your dream house, and have pre-qualification power. First, you have some concrete numbers in mind, as the total you will be able to borrow.
Being pre-qualified also will make your offer more attractive to the seller, like you were bringing them a big box of cash! They need not worry that they are wasting their time if you can't be able to qualify for a big enough mortgage. The seller of the home won't worry if he can trust you to qualify for your loan.Your qualifying for your needed loan amount won't be something for them to worry about. You have the capability to back up your offer.
We help with your pre-qualification
Our mortgage professionals can help you determine the loan amount you can qualify for and the monthly payment amount you are able to afford by getting you pre-qualified. During this process, we calculate your borrowing power - reviewing your earning status, available money for down payment, debt, income, and other areas. We require a minimum amount of paperwork, and avoid a lengthy process.
Face to Face
You can certainly use the mortgage calculators here on this site to calculate how much mortgage you'll be able to afford - but it's also important to meet with one of our mortgage professionals. We can begin getting your pre-qualification letter. Next, we can study your mortgage program options and be sure you have selected the right one. Contact us at (707) 252-2700 to get your pre-qualification process started.
Have questions about pre-qualifying? Call us at (707) 252-2700. Custom Lending Group answers pre-qualifying questions every day.