The Importance of Pre-Qualifying
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Even if you haven't so much as picked out houses to view yet, it's advantageous to see your mortgage loan professional early. What for? When you don't yet know how much house you want to qualify for, what can we help you with?
Our mortgage professionals can help you determine 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. In the process, we calculate your borrowing capacity - analyzing your job, available money for down payment, existing debt, income, and other areas. We require a minimum amount of paperwork, with a quick process.
We will award you a Pre-Qualification Letter once you qualify, which documents that we are confident you'll qualify for a certain amount of mortgage loan dollars.
After you find the house that catches your eye, and you decide to make an offer, being pre-qualified for a mortgage loan will do a number of things. First, you have some concrete numbers in mind, as the amount you will qualify for with your mortgage.
Your pre-qualification can also make your offer more attractive to the seller, like you were bringing them a suitcase of cash! They need not wonder if they're wasting their time if you can't have the ability to qualify for a high enough mortgage. The seller won't be concerned that he can't count on you to qualify for your mortgage in the amount you'll need.Your qualifying for the necessary mortgage loan amount won't cause them concern. You'll have the sway of a buyer ready to make the purchase on the spot!
We will help you pre-qualify
We will help you determine the loan amount you can qualify for and the monthly mortgage payment amount you are able to afford by helping you pre-qualify. We do this by analyzing your income and debts, your work and housing situations, the available funds for down payment, required reserves, and other financial considerations. It's quick and to the point; and we keep the paperwork light.
One on one
You can always use the mortgage calculators available on our site to get an idea of how much mortgage you can afford - but it's also important to meet with us. That way, we'll be able to help you get your pre-qualification letter. Then, we'll make sure we have the best mortgage loan program for you. Contact us at 818-889-7300 to get started.
Have questions about pre-qualifying? Call us at 818-889-7300. We answer pre-qualification questions every day.