MORTGAGE FINANCING

WHAT YOU NEED TO KNOW

Securing the right mortgage is a crucial step in the home-buying process, and interviewing multiple Lenders can help ensure you're getting the best possible deal. A mortgage loan officer (a Lender) can help guide you through the approval process, explaining loan options and rates, and ensuring the best possible terms for your situation.

When exploring mortgage options, it's important to understand the difference between pre-qualification and pre-approval. Pre-qualification is a broad, informal estimate of what you may be able to borrow. Pre-approval is a more thorough process where the lender evaluates your entire current financial position, and meticulously determines the specific loan type, and amount you're approved for.

Getting pre-approved before looking at homes protects your finances by assuring you see only the homes you're truly able to afford. It gives you a competitive edge, showing sellers that you're a serious buyer with secured financing already in place. Additionally, most Sellers will not entertain offers presented WITHOUT a pre-approval letter.

To determine your comfortable mortgage approval amount, a lender will need details like your income, credit score, any debt, and your down payment amount. Our team works closely with several local & trusted loan officers who can provide you with competitive rates and custom-tailored loan options to meet your needs.

Contact us today to begin your pre-approval process and, in turn, your home-buying journey!