Why it's Important to Pre-Qualify
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It can be helpful to see a mortgage loan pro early, even if you haven't settled on what sort of home to look for. What for? It may be difficult to understand the way we can help even before you begin to negotiate.
We Can Help You Pre-Qualify
When we pre-qualify you, we help you figure out the amount in monthly payments you can fit in your budget, and the loan amount you can qualify for. The process outlines your current financial situation - your debt, income, job, and cash available for down payment, among other things. It's quick and basic; We take pride in keeping the paperwork to a minimum.
When you qualify, we give you what's called a Pre-Qualification Letter (your real estate agent may call it a "pre-qual"), which documents the fact that we are helping you to find the best loan program to fit your situation and that we're confident you will qualify for a mortgage for up to a specific amount.
With your pre-qualification letter, a number of advantages are yours when you find the home you want to make an offer for. The first is that you will know the amount you'll be able to afford when putting together the offer.
More important to the home seller, your being pre-qualified is like your having entered their house with a suitcase full of cash ready to make the deal! They won't need to wonder if that they're wasting their time if you can't be able to qualify for a high enough mortgage loan. The seller won't worry if he can trust you to qualify for your loan.Your qualifying for your needed loan amount will not cause them concern. You can have the sway of a buyer ready to make the deal right now!
We help with your pre-qualification
When we pre-qualify you, we help you decide the amount you can afford in mortgage payments you can afford, and how much we of a loan you will qualify for. This process outlines your current financial situation - your debts, income, employment, cash available for down payment, among other things. It is a short, thorough process with minimal risks for papercuts.
While you are able to use our mortgage calculators on this site, it is a good idea to meet with one of our mortgage professional team members. For one thing, you will need a Pre-Qualification Letter! Next, we can study your mortgage options and make sure you have found the right one. We are eager to hear from you: contact us at (650) 689-5684.
Have questions about pre-qualifying? Call us at (650) 689-5684. It's our job to answer pre-qualification questions, so we're happy to help!