Why it's Important to Pre-Qualify
Shopping for a mortgage loan? We will be glad to assist you! Give us a call at (650) 689-5684. Ready to begin? Apply Here.
It is valuable to bring in your mortgage professional as soon as possible — even before you have started researching neighborhoods. What for? If you don't know yet how much home you want to qualify for, what can we help you with?
When we pre-qualify you, we help you decide the amount in mortgage payments you can fit in your budget, and how much we of a loan you will qualify for. The process outlines your financial situation - your debts, income, job, and cash available for down payment, among other things. It's short and to the point; We keep the paperwork to a minimum.
We will award you a Pre-Qualification Letter if you qualify, which says that we're confident you will qualify for up to a certain amount of mortgage dollars.
After you locate a house that is ideal for you, and you decide to make an offer, being pre-qualified for a mortgage will do a couple of things. First, it lets you know how much you are able to offer.
Even more important to the seller, your pre-qualification status gives them certainty - as if you had arrived at their home with a bag of cash to make the offer! They won't need to worry that they have been wasting their time if you can'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 loan.Your qualifying for your needed loan amount will not cause them concern. You have the capability to back your offer up.
We will help you with your pre-qualification
When we pre-qualify you, we help you decide the amount you can afford in monthly payments you can afford, and how much we of a loan you can qualify for. We will achieve this by analyzing your income and debts, your employment and residence circumstances, the available funds for down payment, required reserves, and other financial considerations. We as for a minimum amount of paperwork, and avoid a lengthy process.
One on one
It is important to sit down and talk with us, even though you are free to also utilize the helpful mortgage loan calculators on our site. We can walk you through your pre-qualification letter. Next, we can consider your mortgage program options to be sure you are in the right one. Let us help you get started: Contact us at (650) 689-5684.
Have questions about pre-qualifying? Call us at (650) 689-5684. Norcal Capital Group, Inc answers pre-qualifying questions every day.