When to Speak to Your Mortgage Pro About Pre-Qualification

Shopping for a mortgage? We'll be glad to discuss our mortgage offerings! Give us a call at 6507631924. Want to get started? Apply Here.

It's valuable to bring in your mortgage professional early — even before you've started to consider neighborhoods. Why? How can we help before you have made an offer, and do not know yet how much you want to borrow?

Pre-Qualify

Our mortgage professionals will help you calculate how much of a loan you can qualify for and the monthly mortgage payment amount you can afford by getting you pre-qualified. We accomplish this by considering your income and debts, your work and housing situations, the available funds for a down payment, required reserves, and other considerations. We will ask for a minimum amount of paperwork, with a quick process.

At the point you are considered eligible, we document our confidence in your capacity to qualify for a mortgage loan by presenting you with a Pre-Qualification Letter (also called a "pre-qual").

Pre-Qual Power

Armed with your pre-qualification letter, several advantages are yours when you find the house you want to make an offer for. First, it helps you know how much you can offer. Your pre-qualification will also make your offer look even better to the home seller, like you were bringing them a suitcase full of cash! They will not need to wonder if they have been wasting their time if you do not be able to qualify for a high enough mortgage loan. The seller won't worry if he can trust you to qualify for your mortgage in the amount you will need.Your qualifying for your needed loan amount won't be something for them to be concerned about. You have the ability to back up your offer.

We will help you with your pre-qualification

When we pre-qualify you, we help you determine how much of a monthly payment you can fit in your budget, and how much we of a loan you can qualify for. During the process, we determine your borrowing power - looking at your employment, available money for down payment, debts, income, and other areas. It is a short, thorough process with minimal risks for papercuts.

Face to Face

You can certainly use the calculators on this website to calculate the size mortgage you can afford - but it's also important to meet with one of our mortgage professionals. We can work toward your pre-qualification letter. For another thing, we could locate a different mortgage loan option that is a better fit for you. Let us get you started: Call us at 6507631924.

Have questions about pre-qualifying? Call us at 6507631924. We answer pre-qualification questions every day.

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Norcal Capital Group, Inc

1369 El Camino Real
Millbrae, CA 94030