The Importance of Pre-Qualifying

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Even if you have not so much as picked out houses to visit yet, it is important to visit with your mortgage professional first. What for? If you don't know yet how much home you want to qualify for, what could we do for you?

Pre-Qualify

When we pre-qualify you, we help you decide how much of a monthly mortgage payment you can fit in your budget, and the loan amount you can qualify for. We achieve this by reviewing your debts and income, your employment and housing circumstances, your available funds for down payment, required reserves, and some other things. It is a quick, thorough process with minimal risks for papercuts.

After you qualify, will give you a Pre-Qualification Letter (your real estate agent might call it a "pre-qual"), which says that we are helping you to find the best loan program to fit your financial needs and that we're confident you will qualify for a mortgage for a certain amount.

Pre-Qualification Power

Once you find a house that meets your needs, and you want to put together an offer, being pre-qualified for a mortgage will do several things. The first is that you will know what you'll be able to afford when putting together your offer. Having pre-qualification can also make your offer look even better to the home seller, like you were bringing them a suitcase full of cash! They won't need to be concerned that they are wasting their time if you don't be able to qualify for a high enough mortgage. The seller of the home won't be concerned that he can't count on you to qualify for your mortgage in the amount you will need.Your qualifying for the necessary loan amount won't be something for them to be concerned about. They have a virtual guarantee to trust your buying power.

We will help you pre-qualify

We can help determine how much of a mortgage you can afford, and the amount of money you can borrow, by walking you through the pre-qualification process. We achieve this by considering your income and debts, your employment and housing situations, your funds available for down payment, required reserves, and other considerations. It's short and basic; and we keep the paperwork to a minimum.

One-on-One

It's important for you to sit down and talk with us, even though you are welcome to also utilize the helpful mortgage loan calculator tools on this website. For one thing, you will want a Pre-Qualification Letter! For another thing, we may locate a different mortgage loan option that is a better fit for you. We're eager to hear from you: contact us at 6507631924.

Have questions about pre-qualifying? Call us at 6507631924. Norcal Capital Group, Inc answers pre-qualifying questions every day.