Why Pre-Qualification is Important

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It is valuable to visit with a mortgage professional early, even before you've determined what sort of home you hope to find. What for? If you don't know yet how much house you need to qualify for, what can we help you with?

Pre-Qualify

When we pre-qualify you, we help you find out how much of a monthly payment you can fit in your budget, and the loan amount you can qualify for. During this process, we explore your borrowing potential - analyzing your earning status, money available for down payment, debts, income, and other circumstances. It's a short, thorough process with minimal risks for papercuts.

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

Pre-Qual Power

With your pre-qualification letter, a number of advantages are yours once you find the home you want to make an offer for. The first is that you can be sure the amount you will be able to afford when putting together your offer. Even more important to the seller of the house, your pre-qualification gives them certainty - as if you had come to their home with a bag of cash to back up the offer! They won't need to worry that that they're wasting their time if you won't be able to have the ability to qualify for a high enough mortgage loan. The seller won't be concerned that he can't count on you to qualify for your mortgage in the amount you'll need.Your qualifying for your needed mortgage loan amount won't cause them concern. You have the ability to back up your offer.

We will help you with your pre-qualification

We can help you see how much of a mortgage you can afford, and the amount of money you can borrow, by walking you through the pre-qualification process. This process outlines your finances - your debts, income, career, down payment money, among other things. It's quick and basic; and we keep the paperwork to a minimum.

Face to Face

You can certainly use the calculators here on this website to calculate how much mortgage you'll be able to afford - but it's also important to meet with one of our mortgage professionals. For one thing, you will need a Pre-Qualification Letter! Next, we can study your mortgage program choices and make sure you have chosen the right one. Let us get you started: Contact us at (805) 432-4898.

Have questions about pre-qualifying? Call us at (805) 432-4898. CFC Mortgage Bankers answers pre-qualifying questions every day.