Why it's Important to Pre-Qualify
In the market for a new mortgage? We can help! Give us a call at (707) 252-2700. Ready to get started? Apply Here.
Even if you have not researched houses to view yet, it's important to visit with your mortgage loan professional early. Why? If you don't yet know how much house you want to qualify for, what could we do for you?
We Can Help You Pre-Qualify
We can help determine how much of a mortgage you can afford, and the amount of money you may be able to borrow, by taking you through pre-qualifying. During this process, we calculate your borrowing capacity - analyzing your earning status, money available for down payment, debt, income, and other circumstances. We ask for a minimum amount of paperwork, with a short,basic process.
We will award you a Pre-Qualification Letter after you qualify, that documents that we're confident you'll qualify for up to a predetermined amount of mortgage dollars.
After you locate the house that meets your needs, and you want to make an offer, being pre-qualified for a mortgage loan will do several things. First, it lets you know the amount that you're able to offer.
Being pre-qualified also will make your offer more attractive to the seller, like you were bringing them a suitcase of cash! They won't have to be concerned they have been wasting their time if you will not have the ability to qualify for a high enough mortgage. The seller won't be concerned that he can't trust you to qualify for your mortgage in the amount you will need.Your qualifying for your needed mortgage loan amount will not be something for them to be concerned about. You can have the influence of a buyer ready to make the deal on the spot!
We help with your pre-qualification
When we pre-qualify you, we help you decide the amount you can afford in monthly payments you can fit in your budget, and the loan amount you can qualify for. This process outlines your finances - your debt, income, job, down payment money, among other things. It is a quick, thorough process with minimal risks for papercuts.
One on one
You can always use the mortgage calculators on our website to get an idea of how much mortgage you'll be able to afford - but it's also important to talk with us. For one thing, you'll want a Pre-Qualification Letter! For another thing, we might locate a different mortgage loan option that better fits your needs. We're waiting to hear from you: call 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.