When to Talk to a Mortgage Pro
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It's valuable to see a mortgage professional early, even if you haven't settled on the sort of house to search for. Why? When you do not yet know how much house you need to qualify for, how can we help?
We Can Help You Pre-Qualify
When we pre-qualify you, we help you find out how much of a monthly mortgage payment you can fit in your budget, and the size of loan you can qualify for. We accomplish this by reviewing your debts and income, your employment and housing circumstances, your available funds for a down payment, required reserves, and other considerations. We will require a minimum amount of paperwork, with a short,basic process.
When you qualify, will give you what's called a Pre-Qualification Letter (your real estate agent may refer to it as a "pre-qual"), which says that we are helping you to find the ideal mortgage to fit your financial needs and that we're confident you'll qualify for a mortgage loan for up to a specific amount.
Power in the Pre-Qual
After you find the house that is right for you, and you want to put together an offer, being pre-qualified for a mortgage will do several things. The first is that you'll know what you'll be able to afford when putting together the offer.
Being pre-qualified can also make your offer more attractive to the home seller, as if you were bringing them a bag full of cash! They will not have to wonder if that they are wasting their time if you won't be able to be able to qualify for a big enough mortgage loan. The seller won't wonder if he can trust you to qualify for your mortgage in the amount you will need.Your qualifying for your needed mortgage loan amount won't cause them concern. They have a virtual guarantee that they can trust your buying power.
We will help you pre-qualify
We will help you determine the loan amount you can qualify for and the monthly payment amount you can afford by getting you pre-qualified. We can accomplish this by analyzing your income and debts, your employment and residence circumstances, the available funds for a down payment, required reserves, and some other things. We will require a minimum amount of paperwork, and avoid a lengthy process.
One on one
You can always use the calculators available on this site to calculate how much mortgage you can afford - but it's also important to meet with one of our mortgage professionals. For one thing, you'll need a Pre-Qualification Letter! Then, we'll make sure we have selected the right mortgage program for you. Let us get you started: Contact us at (707) 252-2700.
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!