Why Pre-Qualification is Important
Looking for a loan? We'd be thrilled to talk about our mortgage offerings! Give us a call at 877-310-6200. Want to get started? Apply Here.
Even if you have not researched houses to visit yet, it's advantageous to see your mortgage pro early. Why? What can we do for you if you have not made your offer, and do not know yet the amount you need to borrow?
We Will Help You Pre-Qualify
Our mortgage professionals will help you calculate how much of a loan you can qualify for and the monthly payment amount you can afford by getting you pre-qualified. We achieve this by reviewing your income and debts, your employment and housing situations, the available funds for down payment, required reserves, and other considerations. It's a short, thorough process with minimal risks for papercuts.
After you qualify, we present to you a Pre-Qualification Letter (your real estate agent might call it a "pre-qual"), which documents the fact that we are helping you to find the right mortgage loan program to fit your financial needs and that we are confident you will qualify for a loan up to a specific amount.
Armed with your pre-qualification letter, several advantages fall at your feet when you find the home you want to put together an offer on. First, it helps you know how much you are able to offer.
Being pre-qualified also will make your offer more attractive to the seller, as if you were bringing them a bag full of cash! They will not have to wonder if that they're wasting their time if you will 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 to trust your buying power.
We help with your pre-qualification
When we pre-qualify you, we help you decide the amount you can afford in mortgage payments you can fit in your budget, and the loan amount you will qualify for. This process outlines your finances - your debts, income, career, down payment money, among other things. It's a short, thorough process with minimal risks for papercuts.
Face to Face
You can always use the calculators on this website to calculate the size mortgage you can afford - but it's also essential to talk with us. That way, we'll help you get your pre-qualification letter. For another thing, we may locate a different mortgage choice that better fits your needs. Let us help you get started: Call us at 877-310-6200.
Have questions about pre-qualifying? Call us at 877-310-6200. Pacific Loan Brokers answers pre-qualifying questions every day.