The Importance of Pre-Qualifying
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Even if you haven't so much as narrowed down homes to view yet, it can be important to visit with your mortgage professional first. Why? It may be difficult to understand how we could help even before you begin to talk about prices and negotiations.
Our mortgage professionals will help you find out how much of a loan you can qualify for and the mortgage payment amount you can afford by getting you pre-qualified. We can achieve this by reviewing your income and debts, your work and residence situations, your funds available for a down payment, required reserves, and some other things. We ask for a minimum amount of paperwork, with a short,basic process.
We will award you a Pre-Qualification Letter if you qualify, that documents that we are confident you can qualify for up to a predetermined amount of mortgage dollars.
Power in the Pre-Qual
When you locate a house that meets your needs, and you want to put together an offer, being pre-qualified for a loan will do several things. First of all, you have some definite numbers in mind, as the total you will be able to borrow.
Even more important to the seller, your pre-qualification gives them certainty - as if you'd entered their house with a bag of cash to back up the offer! They will not have to be concerned they are wasting their time if you do not be able to qualify for a high enough mortgage. The seller won't be concerned that he can't trust you to qualify for your loan.Your qualifying for the necessary loan amount won't be something for them to be concerned about. You'll have the influence of a buyer ready to make the deal on the spot!
We help with your pre-qualification
When we pre-qualify you, we help you determine the amount you can afford in monthly payments you can fit in your budget, and the loan amount you will qualify for. We will do this by considering your debts and income, your work and housing situations, the funds available for down payment, required reserves, and other financial considerations. It's quick and to the point; and we keep the paperwork to a minimum.
One on one
You can always use the calculators on our website to calculate the size mortgage you'll be able to afford - but it's also valuable to talk with us. For one thing, you will need a Pre-Qualification Letter! Then, we'll make sure we have the ideal mortgage loan program for your situation. We're eager to hear from you: call us at 949-544-4908.
Have questions about pre-qualifying? Call us at 949-544-4908. Brimor National Mortgage answers pre-qualifying questions every day.
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