Why Pre-Qualification is Important

It can be important to see a mortgage professional first, even before you've determined what type of house you hope to find. What for? Maybe it's hard to fathom how we can help even before you start to talk about prices and negotiations.

Pre-Qualify

When we pre-qualify you, we help you figure out the amount in monthly mortgage payments you can fit in your budget, and the loan amount you will qualify for. In the process, we calculate your capacity to borrow - reviewing your earning status, money available for down payment, debt, income, and other circumstances. It's quick and basic; We take pride in keeping the paperwork to a minimum.

We'll give you a Pre-Qualification Letter when you qualify, that documents that we're confident you will qualify for up to a predetermined amount of mortgage loan dollars.

Pre-Qualification Power

Once you locate a house that is best for you, and you want to make an offer, being pre-qualified for a mortgage loan will do a couple of things. First, it lets you know the amount that you are able to offer. More important to the seller, your being pre-qualified is like your having entered their front door with a bag full of money to purchase the house! They need not be concerned they are wasting their time if you don't be able to qualify for a big enough mortgage loan. The seller won't wonder if he can count on you to qualify for your loan.Your qualifying for your needed loan amount will not cause them concern. You'll have the influence of a buyer ready to make the deal on the spot!

We help with your pre-qualification

Our mortgage professionals can help you find out the loan amount you can qualify for and the monthly mortgage payment amount you can afford by helping you pre-qualify. We will do this by analyzing your debts and income, your work and residence circumstances, the available funds for a down payment, required reserves, and other considerations. We will require a minimum amount of paperwork, with a quick process.

One-on-One

While you can use our mortgage calculators on this site, it will be essential to sit down and talk with one of our mortgage professional team members. For one thing, you will need a Pre-Qualification Letter! For another thing, we might find a different mortgage choice that is a better fit for you. Contact us at (510) 682-3792 to get started.