The Importance of Pre-Qualification

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It's valuable to see a mortgage loan pro early, even if you haven't decided what type of home you hope to find. Why? Perhaps it is hard to understand the ways in which we could help even before you start to calculate your offer.

Pre-Qualify

When we pre-qualify you, we help you decide how much of a monthly payment you can afford, and the size of loan you will qualify for. The process leads you through your current financial situation - your debts, income, job, and down payment money, among other things. It's a quick, thorough process with minimal risks for papercuts.

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

Power in the Pre-Qual

A number of benefits open to you after you find your new house, and have achieved pre-qualification. The first is that you'll know what you will be able to afford when determining the offer. Even more important to the seller of the house, your pre-qualification gives them confidence - as if you had entered their home with a bag of cash to make the offer! They won't need to be concerned that they have been wasting their time if you can't be able to qualify for a big enough mortgage. The seller won't be concerned that he can't count on you to qualify for your loan.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

We will help you see how much of a mortgage you can afford, and the amount of money you can borrow, by taking you through the pre-qualification process. This process outlines your current financial situation - your debt, income, job, down payment money, among other things. It is a short, thorough process with minimal risks for papercuts.

One-on-One

It's vital for you to sit down and meet with us, even though you are free to also use the helpful mortgage calculators on our website. That way, we will help you get your pre-qualification letter. Then, we can make sure we have the ideal mortgage program for you. Let us help you get started: Call us at (926) 228-1944.

Have questions about pre-qualifying? Call us at (926) 228-1944. We answer pre-qualification questions every day.