When to Talk to Your Mortgage Pro
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Even if you haven't so much as narrowed down homes to visit yet, it's important to see your mortgage loan professional early. Why? It may be hard to understand the way we could help even before you begin to calculate your offer.
We will help you see how much of a mortgage you can afford, and how much money you will be able to borrow, by walking you through pre-qualifying. The process outlines your current financial situation - your debt, income, career, and down payment money, among other things. We will ask for a minimum amount of paperwork, and avoid a lengthy process.
Once you qualify, will present to you a Pre-Qualification Letter (your real estate agent may refer to it as a "pre-qual"), that documents the fact that we are partnering with you to find the best loan to meet your financial needs and that we are confident you'll qualify for a loan for up to a specific amount.
Various beneifits open to you when you find your next house, and have achieved pre-qualification power. First of all, you have some definite numbers in mind, as the amount you can borrow.
Of greater importance to the home seller, your being pre-qualified is like your having walked into their house with a suitcase full of money to make the deal! They will not need to worry that that they have been wasting their time if you can't have the ability to qualify for a high enough mortgage. The seller of the home won't be concerned that he can't count on you to qualify for your mortgage in the amount you will need.Your qualifying for the necessary loan amount will not cause them concern. They have a virtual guarantee that they can trust your buying power.
We will help you pre-qualify
When we pre-qualify you, we help you determine how much of a monthly payment you can fit in your budget, and the size of loan you will qualify for. The process outlines your finances - your debts, income, career, cash available for down payment, among other things. It's short and to the point; and we keep the paperwork to a minimum.
You can always use the mortgage calculators on our site to get an idea of how much mortgage you'll be able to afford - but it's also important to meet with us. We can work toward your pre-qualification letter. Next, we can study your mortgage choices and be sure you are in the best one. Contact us at (707) 252-2700 to get started.
Have questions about pre-qualifying? Call us at (707) 252-2700. It's our job to answer pre-qualification questions, so we're happy to help!