When to Speak to a Mortgage Professional
Are you looking for a mortgage loan? We'd be thrilled to answer your questions about our mortgage offerings! Give us a call at (949) 486-3777. Ready to get started? Apply Online Now.
It can be helpful to visit with a mortgage professional first, even before you've decided the sort of home to look for. What for? What can we do for you if you have not negotiated a purchase amount, and don't yet know the amount you need to borrow?
We will help determine how much of a mortgage loan you can afford, and how much money you may be able to borrow, by walking you through pre-qualifying. We achieve this by considering your debts and income, your work and housing circumstances, your funds available for down payment, required reserves, and some other things. It's quick and to the point; We take pride in keeping the paperwork to a minimum.
Once you qualify, will give you what's called a Pre-Qualification Letter (your real estate agent may call it a "pre-qual"), that states that we are working with you to find the right loan to meet your financial needs and that we are confident you will qualify for a mortgage for a specific amount.
A number of advantages open to you after you find your dream house, and have pre-qualification. First, it lets you know the amount that you can offer.
Of greater importance to the seller, your pre-qualification is like your having walked into their house with a suitcase full of money ready to make the deal! They will not need to worry that that they're wasting their time if you can't be able to qualify for a big enough mortgage. The seller won't be concerned that he can't count on you to qualify for your loan.Your qualifying for the necessary mortgage loan amount will not be something for them to lose sleep over. You will have the clout of a buyer ready to make the deal on the spot!
We will help you with your pre-qualification
Our mortgage professionals can help you find out the loan amount you can qualify for and the monthly mortgage payment amount you are able to afford by helping you pre-qualify. In this process, we explore your borrowing capacity - analyzing your job, available money for down payment, debts, income, and other circumstances. We will ask for a minimum amount of paperwork, and avoid a lengthy process.
While you are able to use our mortgage calculators on this website, it is a good idea to meet with us. For one thing, you'll want a Pre-Qualification Letter! For another thing, we might locate a different mortgage choice that is a better fit for you. Contact us at (949) 486-3777 to get your pre-qualification process started.
Have questions about pre-qualifying? Call us at (949) 486-3777. Utah Funding answers pre-qualifying questions every day.