Why Pre-Qualification is Important
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Even if you've not so much as researched houses to visit yet, it's advantageous to visit with your mortgage loan professional first. What for? If you don't know yet how much home 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 the amount in mortgage payments you can fit in your budget, and the size of loan you can qualify for. We will accomplish this by considering your debts and income, your work and residence circumstances, your available funds for a down payment, required reserves, and some other things. It's a short, thorough process with minimal risks for papercuts.
Once you are considered eligible, we prove our confidence in your capacity to qualify for a loan by giving you a Pre-Qualification Letter (also called a "pre-qual").
Power in the Pre-Qual
Armed with your pre-qualification letter, a number of advantages are yours when you find the home you want to put together an offer for. First, you have some definite numbers in mind, as the amount you will qualify for on your loan.
Even more important to the seller of the house, your pre-qualification gives them confidence - as if you'd entered their house with a bag of cash to make the offer! They will not have to wonder if that they're wasting their time if you do not have the ability to qualify for a high enough mortgage loan. The seller won't worry if he can count on you to qualify for your mortgage in the amount you'll need.Your qualifying for your needed mortgage loan amount won't cause them concern. You have the ability to back up your offer.
We help with your pre-qualification
We can help you find out how much of a loan you can qualify for and the monthly mortgage payment amount you are able to afford by helping you pre-qualify. During the process, we explore your capacity to borrow - reviewing your employment, available money for down payment, existing debt, income, and other circumstances. It is a quick, thorough process with minimal risks for papercuts.
Face to Face
It is vital to sit down and meet with us, even though you are welcome to also try the helpful mortgage loan calculator tools on this website. For one thing, you will need a Pre-Qualification Letter! For another thing, we could locate a different mortgage choice that better fits your needs. Contact us at (805) 496-7500 to get started.
Have questions about pre-qualifying? Call us at (805) 496-7500. It's our job to answer pre-qualification questions, so we're happy to help!