Why it's Important to Pre-Qualify
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Even if you have not researched homes to visit yet, it's valuable to visit with your mortgage pro early. Why? It may be hard to understand the ways we can help even before you begin to calculate your offer.
When we pre-qualify you, we help you find out the amount in monthly payments you can fit in your budget, and how much we of a loan you will qualify for. In this process, we explore your ability to borrow - looking at your employment, available money for down payment, debt, income, and other circumstances. We will ask for a minimum amount of paperwork, with a short,basic process.
When you qualify, we present to you a Pre-Qualification Letter (your real estate agent might refer to it as a "pre-qual"), which states that we are helping you to find the best mortgage loan to meet your needs and that we are confident you'll qualify for a loan for a certain amount.
A number of advantages open to you once you find your dream house, and have pre-qualification. The first is that you'll know what you'll be able to afford when putting together your offer.
Even more important to the seller of the home, your pre-qualification letter gives them confidence - as if you'd arrived at their house with a big box of cash to make the offer! They need not wonder if they have been wasting their time if you do not have the ability to qualify for a big enough mortgage. The seller of the home won't wonder if he can count on you to qualify for your loan.Your qualifying for your needed mortgage loan amount won't be something for them to fret over. You have the capability to back up your offer.
We help with your pre-qualification
Our mortgage professionals can help you determine how much of a loan you can qualify for and the mortgage payment amount you can afford by getting you pre-qualified. This process takes you through your finances - your debt, income, job, down payment money, among other things. It's quick and to the point; and we keep the paperwork to a minimum.
One on one
It's important for you to sit down and meet with us, even though you are welcome to also try the helpful mortgage calculators on our website. We can work toward your pre-qualification letter. For another thing, we could be able to locate a different mortgage option that is a better fit for you. We're eager to hear from you: contact us at (707) 252-2700.
Have questions about pre-qualifying? Call us at (707) 252-2700. We answer pre-qualification questions every day.