When and why to get Qualified for a Home Loan

Why it’s Important to Pre-Qualify

Even if you haven’t researched houses to view yet, it’s important to visit with your mortgage pro early. Why? What can we do for you if you have not negotiated an amount, and do not yet know how much you want to borrow?

We Can Help You Pre-Qualify

We can help you see how much of a mortgage you can afford, and how much money you may be able to borrow, by taking you through pre-qualifying. The process leads you through your current financial situation – your debts, income, career, and down payment money, among other things. It’s short and basic; We take pride in keeping the paperwork light.

When you qualify, will present to you what’s called a Pre-Qualification Letter (your real estate agent might refer to it as a “pre-qual”), which says that we are partnering with you to find the ideal loan program to meet your needs and that we are confident you’ll qualify for a loan up to a certain amount.

Buying Clout

After you find a house that is best for you, and you decide to make an offer, being pre-qualified for a mortgage will do a number of things. First, you have some definite numbers in mind, as the amount you will be able to borrow. Even more important to the seller of the home, your pre-qualification status gives them certainty – as if you’d arrived at their house with a bag of cash to back up the offer! They need not be concerned they have been wasting their time if you won’t be able to be able to qualify for a big enough mortgage. The seller of the home won’t be concerned that he won’t be able to count on you to qualify for your loan.Your qualifying for the necessary mortgage loan amount will not be something for them to be concerned about. You’ll have the clout of a buyer ready to make the purchase right now!

We will help you pre-qualify

When we pre-qualify you, we help you figure out the amount you can afford in mortgage payments you can fit in your budget, and how much we of a loan you will qualify for. We do this by analyzing your debts and income, your work and residence situations, the available funds for down payment, required reserves, and some other things. We as for a minimum amount of paperwork, with a short, basic process.

One on one

While you are encouraged to try our tools to calculate mortgage variables on our website, it will be a good idea to meet with us. For one thing, you’ll need a Pre-Qualification Letter! Then, we will make sure we have the best mortgage loan program for you. We are waiting to hear from you: call us at (619) 226-3234.

Have questions about pre-qualifying? Call us at (619) 226-3234. We answer pre-qualification questions every day.

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