When to Talk to Your Mortgage Professional About Pre-Qualification
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It is important to see a mortgage loan pro early, even if you haven't decided what sort of home to search for. What for? How can we help you before you have made your offer, and do not yet know the amount you need to borrow?
We Can Help You Pre-Qualify
Our mortgage professionals will help you calculate the loan amount you can qualify for and the monthly mortgage payment amount you can afford by helping you pre-qualify. We achieve this by analyzing your debts and income, your work and residence circumstances, the funds available for down payment, required reserves, and some other things. We require a minimum amount of paperwork, with a short,basic process.
Once you qualify, will present to you a Pre-Qualification Letter (your real estate agent may call it a "pre-qual"), that says that we are helping you to find the best mortgage loan to fit your situation and that we are confident you'll qualify for a mortgage loan for a specific amount.
A number of beneifits open to you after you've found your next house, and have achieved pre-qualification power. The first is that you will know what you'll be able to afford when determining your offer.
Your pre-qualification also will make your offer look even better to the home seller, like you were bringing them a big box of cash! They won't have to worry that that they're wasting their time if you don't have the ability to qualify for a big enough mortgage loan. The seller won't wonder if he can 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 help with your pre-qualification
Our mortgage professionals can help you determine how much of a loan you can qualify for and the monthly mortgage payment amount you are able to afford by getting you pre-qualified. During the process, we explore your capacity to borrow - reviewing your earning status, money available for down payment, debts, income, and other areas. We require a minimum amount of paperwork, and avoid a lengthy process.
While you can benefit from our tools to calculate mortgage variables on this site, it will be a good idea to sit down and talk with us. We can walk you through your pre-qualification letter. Then, we can make sure we have chosen the best mortgage program for your situation. Contact us at (707) 252-2700 to get started.
Have questions about pre-qualifying? Call us at (707) 252-2700. We answer pre-qualification questions every day.