When to Speak to a Mortgage Professional About Pre-Qualification

It is helpful to consult with your mortgage professional early — even before you have begun narrowing down neighborhoods. What for? When you don't know yet how much home you need to qualify for, what could we do for you?

Pre-Qualify

When we pre-qualify you, we help you determine the amount in monthly mortgage payments you can afford, and the loan amount you will qualify for. The process outlines your finances - your debt, income, employment, and cash available for down payment, among other things. It's quick and to the point; We keep the paperwork to a minimum.

After you are considered eligible, we will prove our confidence in your ability to qualify for a mortgage loan by giving you a Pre-Qualification Letter (also called a "pre-qual").

Buying Power

Holding your pre-qualification letter, a number of advantages are yours when you locate the home you want to make an offer on. First, you have some general numbers in mind, as the total you will qualify for on your loan. Of greater importance to the current home owner, your being pre-qualified is like your having entered their house with a bag full of cash to purchase the home! They won't have to wonder if that they are wasting their time if you do not be able to qualify for a high enough mortgage loan. The seller of the home won't wonder if he can trust you to qualify for your mortgage in the amount you will need.Your qualifying for your needed loan amount won't be something for them to lose sleep over. They have a virtual guarantee to trust your ability to back up your offer.

We help with your pre-qualification

Our mortgage professionals can help you determine the loan amount you can qualify for and the monthly payment amount you are able to afford by helping you pre-qualify. In this process, we calculate your ability to borrow - reviewing your job, available money for down payment, existing debt, income, and other circumstances. It's short and to the point; and we take pride in keeping the paperwork to a minimum.

One-on-One

While you are able to use our mortgage calculators on our site, it is a good idea to meet with us. We can begin getting your pre-qualification letter. Then, we can make sure we have the best mortgage program for your situation. We are eager to hear from you: call us at (949) 249-3067.