The Importance of Pre-Qualifying

	Shopping for a mortgage loan? We'll be glad to discuss our mortgage offerings! Give us a call today at 6507631924. Ready to begin? Apply Now.

Even if you haven't researched houses to visit yet, it can be valuable to contact your mortgage professional early. What for? If you don't yet know how much house you need to qualify for, what can we help you with?

We Will Help You Pre-Qualify

When we pre-qualify you, we help you figure out how much of a monthly payment you can fit in your budget, and how much we of a loan you can qualify for. We will achieve this by reviewing your income and debts, your employment and residence circumstances, the available funds for down payment, required reserves, and other financial considerations. It's quick and basic; We take pride in keeping the paperwork to a minimum.

When you qualify, will present to you what's called a Pre-Qualification Letter (your real estate agent might call it a "pre-qual"), that documents the fact that we are partnering with you to find the right mortgage loan to meet your situation and that we are confident you'll qualify for a loan up to a specific amount.

Buying Clout

Once you locate a house that meets your needs, 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 the amount you can afford when putting together the offer. Being pre-qualified can also make your offer look even better to the seller, as if you were bringing them a big box of cash! They need not wonder if they are wasting their time if you can't be able to qualify for a big enough mortgage loan. The seller won't be concerned that he won't be able to 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 fret over. You will have the clout of a buyer ready to make the purchase on the spot!

We help with your pre-qualification

When we pre-qualify you, we help you figure out the amount you can afford in mortgage payments you can afford, and the loan amount you will qualify for. During the process, we look at your borrowing power - reviewing your job, money available for down payment, existing debt, income, and other circumstances. It's quick and to the point; and we keep the paperwork light.

One on one

While you are able to try our tools to calculate mortgage variables on our site, it will be a good idea to sit down and talk with one of our mortgage professional team members. For one thing, you will want a Pre-Qualification Letter! Then, we'll make sure we have chosen the ideal mortgage program for you. Let us get you started: Call us at 6507631924.

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