Why Pre-Qualification is Important

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Even if you've not narrowed down houses to visit yet, it's valuable to contact your mortgage professional early. Why? It may be hard to understand the ways in which we could help even before you start to negotiate.

Pre-Qualify

When we pre-qualify you, we help you find out how much of a monthly payment you can fit in your budget, and how much we of a loan you can qualify for. This process outlines your finances - your debts, income, job, and cash available for down payment, among other things. It's a quick, thorough process with minimal risks for papercuts.

We will give you a Pre-Qualification Letter after you qualify, which says that we are confident you'll qualify for up to a specific amount of mortgage dollars.

Buying Power

Armed with your pre-qualification letter, a number of advantages fall at your feet once you find the home you want to put together an offer on. First, it helps you know the amount that you can offer. More important to the home seller, your being pre-qualified is like your having entered their front door with a bag full of cash to make the deal! They will not have to worry that that they're wasting their time if you can't be able to qualify for a big enough mortgage loan. The seller of the home won't be concerned that he won't be able to trust you to qualify for your mortgage in the amount you'll need.Your qualifying for your needed mortgage loan amount won't be something for them to fret over. You will have the sway of a buyer ready to make the deal on the spot!

We help with your pre-qualification

Our mortgage professionals can help you determine the loan amount you can qualify for and the monthly mortgage payment amount you are able to afford by helping you pre-qualify. During this process, we look at your capacity to borrow - reviewing your earning status, available money for down payment, debts, income, and other circumstances. It's a quick, thorough process with minimal risks for papercuts.

One-on-One

While you are encouraged to try our mortgage calculators on our site, it is essential to meet with one of our mortgage professional team members. For one thing, you'll want a Pre-Qualification Letter! Then, we'll make sure we have chosen the best mortgage program for your situation. Let us help you get started: Contact us at (707) 252-2700.

Have questions about pre-qualifying? Call us at (707) 252-2700. Custom Lending Group answers pre-qualifying questions every day.