Why it's Important to Pre-Qualify
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It is helpful to consult your mortgage loan professional as soon as possible — even before you've started narrowing down neighborhoods. Why? What can we do for you if you have not negotiated a purchase amount, and don't know yet how much you want to borrow?
Our mortgage professionals can help you find out the loan amount you can qualify for and the monthly payment amount you can afford by getting you pre-qualified. The process outlines your finances - your debt, income, employment, and down payment money, among 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 may refer to it as a "pre-qual"), which says that we are partnering with you to find the right loan program to meet your situation and that we're confident you will qualify for a mortgage loan for a certain amount.
Various advantages open to you once you find your next house, and have pre-qualification power. First, it helps you know how much you are able to offer.
Being pre-qualified will also make your offer more attractive to the seller, as if you were bringing them a big box of cash! They won't need to wonder if they're wasting their time if you don't have the ability to qualify for a big enough mortgage. The seller won't be concerned that he can't trust you to qualify for your loan.Your qualifying for the necessary loan amount will not be something for them to be concerned about. You'll have the sway of a buyer ready to make the purchase right now!
We will help you with your pre-qualification
When we pre-qualify you, we help you decide how much of a monthly payment you can fit in your budget, and how much we of a loan you will qualify for. This process leads you through your current financial situation - your debts, income, job, down payment money, among other things. We as for a minimum amount of paperwork, and avoid a lengthy process.
One on one
You can always use the calculators here on this website to get an idea of how much mortgage you'll be able to afford - but it's also essential to talk with one of our mortgage professionals. That way, we'll help you get your pre-qualification letter. Then, we'll make sure we have the ideal mortgage program for you. Let us get you started: Call us at (619) 688-0011.
Have questions about pre-qualifying? Call us at (619) 688-0011. We answer pre-qualification questions every day.