Why Pre-Qualification is Important
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It is valuable to visit with a mortgage professional early, even if you haven't decided what sort of home you hope to find. What for? What can we do for you if you have not made an offer, and do not know yet how much you want to borrow?
Our mortgage professionals can help you find out how much of a loan you can qualify for and the monthly payment amount you are able to afford by helping you pre-qualify. This process leads you through your finances - your debts, income, career, and cash available for down payment, among other things. It's short and basic; We take pride in keeping the paperwork light.
Once you are considered eligible, we prove our confidence in your potential to qualify for a mortgage by giving you a Pre-Qualification Letter (also known as a "pre-qual").
Power in the Pre-Qual
Some advantages open to you after you have found your new house, and have pre-qualification power. First, it lets you know how much you are able to offer.
Of greater importance to the current home owner, your pre-qualification is like your having entered their house with a suitcase full of money ready to make the deal! They need not wonder if they're wasting their time if you won't be able to be able to qualify for a big enough mortgage loan. The seller won't wonder if he can count on you to qualify for your mortgage in the amount you'll need.Your qualifying for the necessary loan amount won't be something for them to lose sleep over. You have the ability to back up your offer.
We can help you pre-qualify
We can help you determine the loan amount you can qualify for and the monthly mortgage payment amount you are able to afford by helping you pre-qualify. In this process, we calculate your borrowing potential - looking at your earning status, available money for down payment, debt, income, and other areas. We as for a minimum amount of paperwork, with a short, basic process.
It is important to sit down and meet with us, even though you are free to also try the helpful mortgage loan calculators on this site. For one thing, you'll need a Pre-Qualification Letter! Then, we will make sure we have the ideal mortgage loan program for you. We're waiting 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!