Why it's Important to Pre-Qualify

Shopping for a mortgage loan? We can help! Call Andrew Del Rey or Todd Avakian at (888) 888-1172. Ready to begin? Apply Here.

It is helpful to consult with your mortgage professional as soon as possible — even before you have started to consider neighborhoods. Why? When you don't yet know how much house you need to qualify for, what can we do for you?

We Can Help You Pre-Qualify

We can help you calculate how much of a mortgage you can afford, and how much money you can borrow, by taking you through pre-qualifying. We accomplish this by reviewing your debts and income, your work and housing situations, your funds available for a down payment, required reserves, and some other things. It's a quick, thorough process with minimal risks for papercuts.

When you are determined to be eligible, we document our confidence in your ability to qualify for a loan by giving you a Pre-Qualification Letter (also called a "pre-qual").

Power in the Pre-Qual

Various benefits open to you after you have found your new house, and have pre-qualification power. First, you have some general numbers in mind, as the amount you will be able to borrow. Being pre-qualified can also make your offer more attractive to the home seller, as if you were bringing them a big box of cash! They will not need to wonder if that they're wasting their time if you can't be able to qualify for a high enough mortgage loan. The seller of the home won't wonder if he can count on you to qualify for your mortgage in the amount you'll need.Your qualifying for your needed loan amount won't cause them concern. You will have the clout of a buyer ready to make the purchase on the spot!

We can help you pre-qualify

Our mortgage professionals will help you determine how much of a loan you can qualify for and the monthly mortgage payment amount you can afford by getting you pre-qualified. The process outlines your financial situation - your debts, income, career, cash available for down payment, among other things. It's quick and basic; and we keep the paperwork to a minimum.

Face to Face

While you are encouraged to try our tools to calculate mortgage variables on our site, it's a good idea to sit down and talk with one of our mortgage professional team members. We can begin working on your pre-qualification letter. Then, we will make sure we have the ideal mortgage loan program for you. Let us get you started: Contact us at (888) 888-1172.

Have questions about pre-qualifying? Call Andrew Del Rey or Todd Avakian at (888) 888-1172. Sierra Pacific Mortgage answers pre-qualifying questions every day.