The Importance of Pre-Qualification

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It's important to visit with a mortgage loan pro first, even if you haven't settled on the kind of home you hope to find. Why? If you don't yet know how much house you need to qualify for, what could we do for you?

We Can Help You Pre-Qualify

When we pre-qualify you, we help you figure out the amount in mortgage payments you can fit in your budget, and the loan amount you will qualify for. During the process, we determine your borrowing capacity - looking at your earning status, money available for down payment, existing debt, income, and other areas. It's a short, thorough process with minimal risks for papercuts.

After you are considered eligible, we will prove our confidence in your capacity to qualify for a loan by awarding you a Pre-Qualification Letter (also called a "pre-qual").

Power in the Pre-Qual

Holding your pre-qualification letter, some advantages fall at your feet when you find the home you want to put together an offer for. First, you have some definite numbers in mind, as the amount you will be able to borrow. Even more important to the current owner, your pre-qualification gives them confidence - as if you'd come to their home with a suitcase of cash to back up the offer! They need not be concerned they're wasting their time if you can't have the ability to qualify for a big enough mortgage loan. The seller 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. They have a virtual guarantee to trust your buying power.

We will help you pre-qualify

When we pre-qualify you, we help you find out how much of a monthly mortgage payment you can fit in your budget, and the loan amount you will qualify for. During this process, we explore your borrowing potential - reviewing your earning status, available money for down payment, debt, income, and other circumstances. We will require a minimum amount of paperwork, and avoid a lengthy process.

One on one

It is important for you to sit down and meet with us, even though you are welcome to also utilize the helpful mortgage loan calculators on our website. For one thing, you'll want a Pre-Qualification Letter! For another thing, we may find a different mortgage program that is a better fit for you. We're waiting to meet with you: contact us at 6507631924.

Have questions about pre-qualifying? Call us at 6507631924. Norcal Capital Group, Inc answers pre-qualifying questions every day.