When to Speak to Your Mortgage Professional
Searching for mortgage advice? We will be glad to help! Give us a call today at (650) 689-5684. Ready to get started? Apply Here.
It is helpful to bring in your mortgage loan professional as soon as possible — even before you've started to consider neighborhoods. Why? If you don't know yet how much house you need 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 the loan amount you can qualify for. We will achieve this by considering your income and debts, your work and housing situations, the available funds for down payment, required reserves, and some other things. It's short and to the point; We keep the paperwork to a minimum.
When you qualify, will present to you a Pre-Qualification Letter (your real estate agent may refer to it as a "pre-qual"), that says that we are partnering with you to find the best loan program to meet your financial needs and that we are confident you'll qualify for a mortgage loan for up to a specific amount.
When you locate the house that is best for you, and you want to put together an offer, being pre-qualified for a mortgage loan will do several things. The first is that you can be sure what you'll be able to afford when determining your offer.
Even more important to the seller of the house, your pre-qualification gives them certainty - as if you'd entered their house with a big box of cash to make the offer! They need not be concerned they're wasting their time if you won't be able to be able to qualify for a high 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 will not be something for them to fret over. They have a virtual guarantee to trust your ability to back up your offer.
We help with your pre-qualification
We will help you calculate how much of a loan you can qualify for and the monthly mortgage payment amount you can afford by helping you pre-qualify. This process outlines your financial situation - your debt, income, employment, down payment money, among other things. It's a quick, thorough process with minimal risks for papercuts.
Face to Face
It's important for you to sit down and talk with us, even though you are welcome to also try the helpful mortgage calculators on this website. For one thing, you will want a Pre-Qualification Letter! Then, we will make sure we have the best mortgage program for your situation. Contact us at (650) 689-5684 to get started.
Have questions about pre-qualifying? Call us at (650) 689-5684. We answer pre-qualification questions every day.