Looking for mortgage advice? We will be glad to assist you! Call us at (805) 496-7500. Ready to begin? Apply Here.
Even if you haven't so much as researched houses to view yet, it is important to contact your mortgage pro early. What for? Perhaps it is hard to understand the way we can help even before you start to calculate your offer.
We can help determine how much of a mortgage you can afford, and the amount of money you may be able to borrow, by walking you through the pre-qualification process. This process outlines your finances - your debts, income, career, and cash available for down payment, among other things. It's a short, thorough process with minimal risks for papercuts.
After you are considered eligible, we document our confidence in your ability to qualify for a loan by presenting you with a Pre-Qualification Letter (also known as a "pre-qual").
Armed with your pre-qualification letter, several advantages fall at your feet once you locate the home you want to make an offer on. The first is that you can know what you'll be able to afford when calculating the offer.
More important to the current home owner, your pre-qualification is like your having walked into their front door with a suitcase full of money to purchase the home! They will not need to wonder if that they have been wasting their time if you do not be able to qualify for a big enough mortgage loan. The seller of the home won't be concerned that he won't be able to count on you to qualify for your loan.Your qualifying for the necessary mortgage loan amount will not be something for them to lose sleep over. You have the influence of a buyer ready to make the purchase right now!
We help with your pre-qualification
When we pre-qualify you, we help you decide how much of a monthly payment you can afford, and the loan amount you will qualify for. During this process, we determine your borrowing potential - looking at your job, available money for down payment, existing debt, income, and other areas. It's quick and basic; and we take pride in keeping the paperwork light.
One on one
You can certainly use the mortgage calculators here on our site to get an idea of how much mortgage you'll be able to afford - but it's also essential to talk with us. We can work toward your pre-qualification letter. For another thing, we could find a different mortgage program that fits your needs better. Let us help you get started: Contact us at (805) 496-7500.
Have questions about pre-qualifying? Call us at (805) 496-7500. We answer pre-qualification questions every day.