Why it's Important to Pre-Qualify
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It's valuable to consult with your mortgage loan professional as soon as possible — even before you have started narrowing down neighborhoods. What for? If you don't yet know how much home you want to qualify for, what could we help you with?
We will help you determine how much of a loan you can qualify for and the mortgage payment amount you are able to afford by getting you pre-qualified. We can do this by considering your debts and income, your employment and residence situations, the funds available for down payment, required reserves, and some other things. We require a minimum amount of paperwork, and avoid a lengthy process.
We give you a Pre-Qualification Letter after you qualify, that says that we're confident you'll qualify for up to a certain amount of mortgage dollars.
Power in the Pre-Qual
After you locate the house that catches your eye, and you want to put together an offer, being pre-qualified for a mortgage loan will do several things. The first is that you can be sure the amount you'll be able to afford when putting together the offer.
More important to the seller, your being pre-qualified is like your having entered their front door with a bag full of money ready to make the deal! They won't need to be concerned they're wasting their time if you do not be able to qualify for a high enough mortgage. The seller of the home won't worry if he can count on you to qualify for your loan.Your qualifying for the necessary loan amount won't be something for them to be concerned about. You have the ability to back your offer up.
We will help you pre-qualify
We will help you calculate how much of a loan you can qualify for and the monthly payment amount you are able to afford by helping you pre-qualify. This process outlines your financial situation - your debt, income, career, down payment money, among other things. We require a minimum amount of paperwork, with a quick process.
While you are able to try our tools to calculate mortgage variables on our site, it's a good idea to sit down and talk with one of our mortgage professional team members. That way, we'll be able to help you get your pre-qualification letter. Then, we will make sure we have selected the right mortgage loan program for you. Let us get you started: Contact us at (925) 627-1400.
Have questions about pre-qualifying? Call us at (925) 627-1400. We answer pre-qualification questions every day.