Why Pre-Qualify?

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Even if you've not picked out houses to visit yet, it's important to contact your mortgage professional early. What for? How can we help you before you have 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 payment you can fit in your budget, and how much we of a loan you can qualify for. We accomplish this by reviewing your income and debts, your work and residence circumstances, the available funds for a down payment, required reserves, and some other things. It is a quick, thorough process with minimal risks for papercuts.

When you qualify, we give you what's called a Pre-Qualification Letter (your real estate agent might refer to it as a "pre-qual"), which documents the fact that we are helping you to find the ideal mortgage loan program to meet your situation and that we're confident you'll qualify for a loan up to a specific amount.

Buying Power

Once you locate a house that catches your eye, and you decide to make an offer, being pre-qualified for a mortgage loan will do several things. The first is that you'll know what you'll be able to afford when putting together the offer. Being pre-qualified also will make your offer look even better to the home seller, as if you were bringing them a big box of cash! They will not need to worry that they're wasting their time if you will not have the ability to qualify for a high enough mortgage. The seller of the home won't be concerned that he won't be able to trust you to qualify for your mortgage in the amount you'll need.Your qualifying for your needed mortgage loan amount will not be something for them to fret over. They have a virtual guarantee that they can trust your buying power.

We will help you pre-qualify

Our mortgage professionals will help you determine how much of a loan you can qualify for and the mortgage payment amount you can afford by getting you pre-qualified. In the process, we determine your capacity to borrow - looking at your earning status, available money for down payment, debt, income, and other areas. We will ask for a minimum amount of paperwork, with a short, basic process.

One on one

It is vital to sit down and meet with us, even though you are welcome to also try the helpful mortgage calculators on our site. That way, we will help you get your pre-qualification letter. For another thing, we may be able to locate a different mortgage loan option that fits your goals better. Let us help you get started: Call us at 760-415-2345.

Have questions about pre-qualifying? Call us at 760-415-2345. San Diego Financial answers pre-qualifying questions every day.