The Importance of Pre-Qualification

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It is important to visit with a mortgage loan pro early, even if you haven't settled on the sort of home to search for. What for? How can we help you if you haven't made an offer, and do not know yet the amount you need to borrow?

Pre-Qualify

When we pre-qualify you, we help you decide how much of a monthly mortgage payment you can fit in your budget, and the size of loan you will qualify for. The process takes you through your finances - your debts, income, career, and cash available for down payment, among other things. We require a minimum amount of paperwork, and avoid a lengthy process.

We'll give you a Pre-Qualification Letter after you qualify, which documents that we are confident you'll qualify for a specific amount of mortgage dollars.

Power in the Pre-Qual

A number of advantages open to you once you've found your next house, and have achieved pre-qualification power. First, you have some definite numbers in mind, as the amount you can borrow. Having pre-qualification also will make your offer look even better to the home seller, as if you were bringing them a suitcase full of cash! They will not need to be concerned they're wasting their time if you don't be able to qualify for a big enough mortgage loan. The seller of the home won't be concerned that he won't be able to count on you to qualify for your mortgage in the amount you will need.Your qualifying for your needed mortgage loan amount will not cause them concern. You can have the influence of a buyer ready to make the deal on the spot!

We can help you pre-qualify

We can help you calculate the loan amount you can qualify for and the monthly mortgage payment amount you can afford by getting you pre-qualified. We accomplish this by reviewing your income and debts, your employment and housing situations, your available funds for a down payment, required reserves, and other considerations. We will require a minimum amount of paperwork, with a quick process.

Face to Face

While you are encouraged to use our tools to calculate mortgage variables on this website, it's essential to meet with one of our mortgage professional team members. That way, we can help you get your pre-qualification letter. Next, we can study your mortgage loan options and be sure you have found the best one. Let us get you started: Call us at 760.975.0255.

Have questions about pre-qualifying? Call us at 760.975.0255. American Capital Home Loans answers pre-qualifying questions every day.