Why it's Important to Pre-Qualify
In the market for a mortgage loan? We'd be thrilled to talk about our mortgage offerings! Give us a call at 916-989-6222. Ready to get started? Apply Here
Even if you haven't narrowed down houses to view yet, it can be advantageous to contact your mortgage pro first. What for? How can we help you if you have not negotiated a price, and don't yet know the amount you need to borrow?
We Can Help You Pre-Qualify
When we pre-qualify you, we help you figure out how much of a monthly payment you can fit in your budget, and the loan amount you will qualify for. The process takes you through your finances - your debt, income, employment, and down payment money, among other things. It's quick and basic; We keep the paperwork to a minimum.
We'll award you a Pre-Qualification Letter once you qualify, which states that we're confident you'll qualify for a certain amount of mortgage dollars.
When you locate the house that catches your eye, and you want to make an offer, being pre-qualified for a mortgage loan will do a number of things. The first is that you will be sure the amount you'll be able to afford when putting together your offer.
Even more important to the seller of the house, your pre-qualification letter gives them confidence - as if you had entered their home with a bag of cash to make the offer! They will not need to worry that they have been wasting their time if you do not have the ability to qualify for a high 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 have the ability to back up your offer.
We help with your pre-qualification
When we pre-qualify you, we help you figure out how much of a monthly payment you can fit in your budget, and the size of loan you can qualify for. We achieve this by analyzing your income and debts, your work and residence circumstances, your available funds for a down payment, required reserves, and other financial considerations. It's quick and to the point; and we keep the paperwork to a minimum.
Face to Face
You can always use the mortgage calculators here on this site to get an idea of how much mortgage you'll be able to afford - but it's also essential to talk with one of our mortgage professionals. We can begin getting your pre-qualification letter. For another thing, we may find a different mortgage program that fits your needs better. We're eager to hear from you: call us at 916-989-6222.
Have questions about pre-qualifying? Call us at 916-989-6222. Sierra View Financial Corp answers pre-qualifying questions every day.