Why Pre-Qualify?
It is important to consult your mortgage loan professional early — even before you’ve started to consider neighborhoods. Why? It may be hard to fathom how we can help even before you start to calculate your offer.
Pre-Qualify
Our mortgage professionals can help you find out how much of a loan you can qualify for and the monthly payment amount you are able to afford by helping you pre-qualify. We achieve this by considering your debts and income, your work and housing circumstances, the funds available for a down payment, required reserves, and some other things. It is a quick, thorough process with minimal risks for papercuts.
When you are considered eligible, we prove our confidence in your capacity to qualify for a mortgage by awarding you a Pre-Qualification Letter (also known as a “pre-qual”).
Buying Power
Armed with your pre-qualification letter, several advantages fall at your feet once you find the house you want to put together an offer on. The first is that you can be sure the amount you’ll be able to afford when calculating the offer. Even more important to the seller of the home, your pre-qualification gives them confidence – as if you had entered their home with a bag of cash to back up the offer! They need not worry that they’re wasting their time if you don’t have the ability to qualify for a high enough mortgage loan. The seller won’t be concerned that he can’t trust you to qualify for your mortgage in the amount you will need.Your qualifying for the necessary mortgage loan amount won’t be something for them to lose sleep over. You can have the clout of a buyer ready to make the deal on the spot!
We can help you pre-qualify
When we pre-qualify you, we help you find out how much of a monthly mortgage payment you can fit in your budget, and the loan amount you can qualify for. We can achieve this by analyzing your income and debts, your employment and residence situations, the funds available for down payment, required reserves, and other financial considerations. It is a short, thorough process with minimal risks for papercuts.
Face to Face
While you can try our mortgage calculators on our website, it will be a good idea to meet with one of our mortgage professional team members. That way, we’ll be able to help you get your pre-qualification letter. Next, we can consider your loan options to make sure you are in the right one. Contact us at 661.324.2427 to get your pre-qualification process started.