Why it's Important to Pre-Qualify
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Even if you haven't so much as picked out homes to visit yet, it's advantageous to see your mortgage professional early. What for? When you do not yet know how much home you need to qualify for, what can we help you with?
We will help you find out how much of a loan you can qualify for and the monthly payment amount you can afford by helping you pre-qualify. The process outlines your current financial situation - your debts, income, job, and cash available for down payment, among other things. It's quick and basic; We keep the paperwork light.
We award you a Pre-Qualification Letter if you qualify, that states that we are confident you can qualify for up to a certain amount of mortgage loan dollars.
Holding your pre-qualification letter, a number of advantages are yours once you find the home you want to make an offer on. First of all, you have some concrete numbers in mind, as the amount you can borrow.
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 will not need to be concerned that they're wasting their time if you do not be able to qualify for a big enough mortgage. The seller won't be concerned that he won't be able to count on you to qualify for your loan.Your qualifying for your needed mortgage loan amount won't cause them concern. They have a virtual guarantee that they can trust your buying power.
We will help you with your pre-qualification
Our mortgage professionals can help you calculate the loan amount you can qualify for and the mortgage payment amount you can afford by getting you pre-qualified. We achieve this by analyzing your income and debts, your employment and residence situations, your funds available for down payment, required reserves, and other financial considerations. We as for a minimum amount of paperwork, with a quick process.
It is important for you to sit down and talk with us, even though you are welcome to also use the helpful mortgage loan calculators on our site. For one thing, you'll want a Pre-Qualification Letter! Then, we'll make sure we have selected the right mortgage program for you. We're eager to hear from you: 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.