Get Lending Preapproval

In short "You'll have the same clout as a cash buyer."

Owning your own home and finding value!

The American dream -- home ownership! More people are taking advantage of today's low rates to buy their first home, or their dream home.  I work for you.  I will help you find the best mortgage so you can concentrate on getting ready to move in!

Understanding value and how to get there

Many programs are available such as FHA, VA, calPERS, calSTRS, Conventional, Jumbo, Fannie Mae and Freddie Mac -- and dozens of other ways to help you unlock the doors to your new home.

Before you even start home shopping, get prequalified.  You'll have the clout of a cash buyer.  You'll know how much you can afford. And will be well on your way to the mortgage program that's right for you as soon as you make the offer!

You don't pick the house that is best for someone else, you pick the one that's right for you!  The same goes for your loan... I will help you find the best loan for your needs.  More knowledge and more personal attention means you enter a frustration-free zone from application to decision.  Getting the right mortgage loan is like getting the keys to your new home! Knowledge is the best approach.

Read how easy it is to prequalify and earn the clout of a cash buyer, and how I help find the home and loan that's right for you.

What is Pre-approval?

Are you pre-qualified or pre-approved for a loan?

Before you begin to shop for a new home, you should set up a time to meet with me so we can figure out how much you can afford.  This will put you in a better position as a buyer.  That’s when it is important to understand the distinction between being pre-qualified for a loan and pre-approved for a loan.  The difference between the two terms will be crucial when you decide to make an offer on a house.

To get pre-qualified for a loan, the lender will collect information about your debt, income, and assets.  The lender will look at your credit profile and assess goals for a down payment and get an idea of different loan programs that would work for you.  The lender will then issue you a pre-qualification letter indicating the amount you are pre-qualified to borrow.

It is important to understand that a pre-qualification letter is just an estimate of what you are eligible to borrow, not a commitment to lend.  Getting pre-approved for a loan gives you competitive advantage when the time comes to bid on a home because you have been approved for a loan for a specified amount.

To get pre-approved, you will complete a mortgage application and provide the lender with various information verifying your employment, assets and financial status such as W-2 forms, bank records and credit card statements.   We’ll review your mortgage options and submit your application to the lender that best meets your needs.  Once the application process is complete you will receive a pre-approval letter indicating the amount your lender is willing to lend you for your home.

A pre-approval letter is not binding on the lender; it is subject to an appraisal of the home you wish to purchase and certain other conditions.  If your financial situation changes (e.g. you lose your job), interest rates rise or a specified expiration date passes, your lender must review your situation and recalculate your mortgage amount accordingly.

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