The Importance of Pre-Qualification

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It is helpful to visit with a mortgage professional first, even before you've determined the kind of home you hope to find. What for? What can we do for you before you have negotiated a purchase amount, and do not yet know how much you want to borrow?

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 can afford by getting you pre-qualified. We achieve this by considering your income and debts, your employment and residence situations, your funds available for a down payment, required reserves, and some other things. We ask for a minimum amount of paperwork, and avoid a lengthy process.

Once you qualify, we present to you what's called a Pre-Qualification Letter (your real estate agent might call it a "pre-qual"), which says that we are working with you to find the ideal loan to meet your financial needs and that we're confident you will qualify for a mortgage loan up to a specific amount.

Power in the Pre-Qual

With your pre-qualification letter, several advantages fall at your feet when you find the home you want to make an offer on. First of all, you have some general numbers in mind, as the amount you will qualify for on your loan. Your pre-qualification also will make your offer more attractive to the seller, like you were bringing them a bag full of cash! They will not have to wonder if that they're wasting their time if you do not be able to qualify for a high enough mortgage loan. The seller won't be concerned that he won't be able to count on you to qualify for your loan.Your qualifying for your needed mortgage loan amount will not cause them concern. They have a virtual guarantee that they can trust your ability to back up your offer.

We will help you pre-qualify

We will help you calculate the loan amount you can qualify for and the monthly mortgage payment amount you are able to afford by getting you pre-qualified. In the process, we look at your ability to borrow - looking at your job, available money for down payment, debts, income, and other circumstances. It's short and basic; and we keep the paperwork to a minimum.

One-on-One

It is important for you to sit down and talk with us, even though you are welcome to also utilize the helpful mortgage calculator tools on this website. That way, we'll help you get your pre-qualification letter. For another thing, we may locate a different mortgage option that is a better fit for you. Contact us at 714 969-3112 to get started.

Have questions about pre-qualifying? Call us at 714 969-3112. We answer pre-qualification questions every day.