The Importance of Pre-Qualifying
Even if you have not so much as researched houses to view yet, it can be advantageous to contact your mortgage pro early. Why? Perhaps it is difficult to fathom how we can help even before you start to calculate your offer.
We Can Help You Pre-Qualify
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. During this process, we calculate your ability to borrow - analyzing your employment, available money for down payment, existing debt, income, and other areas. It is a short, thorough process with minimal risks for papercuts.
We will give you a Pre-Qualification Letter once you qualify, that states that we are confident you can qualify for up to a specific amount of mortgage loan dollars.
Various advantages open to you once you've found your new house, and have pre-qualification power. The first is that you'll know the amount you'll be able to afford when calculating the offer.
Even more important to the existing owner, your pre-qualification gives them certainty - as if you had come into their home with a big box of cash to make the offer! They need not be concerned they have been wasting their time if you do not have the ability to qualify for a big enough mortgage. The seller of the home won't wonder if he can count on you to qualify for your mortgage in the amount you will need.Your qualifying for your needed loan amount will not 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
Our mortgage professionals will help you determine the loan amount you can qualify for and the mortgage payment amount you are able to afford by helping you pre-qualify. We will accomplish this by considering your income and debts, your employment and residence situations, your available funds for down payment, required reserves, and some other things. We will require a minimum amount of paperwork, and avoid a lengthy process.
Face to Face
While you are able to benefit from our mortgage calculators on our website, it will be a good idea to meet with us. We can begin working on your pre-qualification letter. For another thing, we may find a different mortgage program that fits your situation better. Contact us at 415-999-2439 to get your pre-qualification process started.
Have questions about pre-qualifying? Call us at 415-999-2439. JOANNE AHN answers pre-qualifying questions every day.