Why Pre-Qualification is Important

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Even if you've not so much as researched houses to view yet, it's advantageous to contact your mortgage professional early. What for? If you don't know yet how much home you want to qualify for, what can we help you with?

Pre-Qualify

We will help determine how much of a mortgage loan you can afford, and the amount of money you will be able to borrow, by walking you through pre-qualifying. We accomplish this by considering your income and debts, your work and housing situations, the available funds for a down payment, required reserves, and other financial considerations. It is a quick, thorough process with minimal risks for papercuts.

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

Pre-Qualification Power

Holding your pre-qualification letter, several advantages fall at your feet when you locate the home you want to make an offer on. First of all, you have some general numbers in mind, as the total you will qualify for on your loan. Of greater importance to the existing home owner, your pre-qualification is like your having walked into their house with a suitcase full of cash to purchase the home! They won't need to worry that they have been wasting their time if you won't be able to be able to qualify for a high enough mortgage loan. The seller of the home won't worry if he can trust you to qualify for your loan.Your qualifying for the necessary mortgage loan amount won't be something for them to fret over. You'll have the clout of a buyer ready to make the deal right now!

We help with your pre-qualification

When we pre-qualify you, we help you decide how much of a monthly payment you can afford, and the size of loan you will qualify for. We can do this by considering your income and debts, your employment and housing circumstances, your funds available for a down payment, required reserves, and other financial considerations. It is a short, thorough process with minimal risks for papercuts.

One-on-One

While you can use our tools to calculate mortgage variables on our site, it's essential to meet with us. For one thing, you'll want a Pre-Qualification Letter! Then, we will make sure we have found the right mortgage loan program for you. We are eager to hear from you: contact us at 415-381-7006.

Have questions about pre-qualifying? Call us at 415-381-7006. RPM Mortgage - Paul Schectman Senior Mortgage Advisor answers pre-qualifying questions every day.