Why it's Important to Pre-Qualify
Even if you haven't picked out homes to visit yet, it can be important to visit with your mortgage loan professional early. What for? Maybe it is difficult to fathom the way we can help even before you begin to negotiate.
We Will Help You Pre-Qualify
We can help you determine how much of a loan you can qualify for and the monthly payment amount you can afford by getting you pre-qualified. During this process, we calculate your borrowing potential - looking at your employment, available money for down payment, debt, income, and other circumstances. It's short and to the point; We keep the paperwork light.
We will award you a Pre-Qualification Letter when you qualify, which documents that we're confident you'll qualify for up to a specific amount of mortgage dollars.
Armed with your pre-qualification letter, a number of advantages fall at your feet when you find the house you want to make an offer for. First, it helps you know how much you're able to offer.
Of greater importance to the current home owner, your being pre-qualified is like your having entered their house with a bag full of cash to purchase their house! They need not worry that that they have been wasting their time if you do not be able to qualify for a big enough mortgage loan. The seller of the home won't wonder if he can trust you to qualify for your loan.Your qualifying for your needed loan amount won't cause them concern. You can have the clout 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 decide how much of a monthly mortgage payment you can afford, and the size of loan you can qualify for. This process leads you through your financial situation - your debts, income, job, cash available for down payment, among other things. It's a short, thorough process with minimal risks for papercuts.
It is vital to sit down and meet with us, even though you are welcome to also try the helpful mortgage calculator tools on this site. We can walk you through your pre-qualification letter. For another thing, we could be able to find a different mortgage option that better fits your needs. Let us get you started: Contact us at 949-200-3800.
Have questions about pre-qualifying? Call us at 949-200-3800. Citywide Group Inc. answers pre-qualifying questions every day.