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Get Pre-Qualified for a Mortgage in Florida
 Are you Pre-Qualified?
Before you begin to shop for a new home, we should discuss how much home you can afford and where you would like your payment to be. This will give you piece of mind and put you in a better position as a buyer because you will be prepared.
To begin the process of getting pre-qualified, please give me a call at 561-329-0075. We will discuss your job history, your credit and your source of funds for closing. It is my job as your mortgage banker to look deep into your file and spot any potential pitfalls.
If you wish to start the process on-line, you can go to my loan application link and start filling out the information. I will be immediately notified of this and will follow up with you by phone or email.
During the pre-approval process, I will collect information about your credit, income, assets and debts. We’ll look at your credit profile and assess goals for a down payment and get an idea of the different mortgage loan programs that would work for you. I will issue you a pre-qualification letter indicating the amount you are pre-qualified to borrow. This is something that your realtor will use to show any potential listing agents to demonstrate that you have done your homework and you are ready to actually purchase the home.
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.
Right from the beginning, I will be able to tell you "Yes, No or Maybe"
Every file in today's banking world is run through automated underwriting. This gives us a feedback that we can stand behind. Of course we have to verify the numbers submitted with pay-stubs, W-2's, credit reports and bank statements.
Once your offer is accepted we will assemble your file and ship if off to my underwriter. This is the validation phase of the loan process where the underwriter has to agree with the information submitted.
Usually we will get a short list of additional details that we must answer. Then we satisfy those questions and get your file into closing and funding.
Below I have added additional links that will help educate you as far as what to expect during the home buying process.
Home Buyer Guide 2010 This link is lengthy and will educate you on every facet of getting a mortgage. This is something that is useful for First Time Home Buyers as well as clients who are purchasing their third or fourth home.
First Time Buyer Video Series This is a bunch of YOUTUBE video I put together that covers much of the same information as the homebuyer guide but it is me talking at you rather than reading it on your own.
The Mortgage Process Series Additionally, I have created a mortgage process series that details what goes on after you fill out the paperwork and we submit your loan to the bank. It is my job to get you the best interest rate and deliver the absolute best service and this is one way that I do it.
16 Steps to Getting a Mortgage and Purchasing a Home This gives you a feel for what goes on as you simultaneously deal with the mortgage consultant and the realtor as you go through the process of purchasing a home.
More Helpful Links: 9 Steps to Ownership (video)
When to Get Qualified
How Much Can You Afford
Debt to Income Ratios
Documenting Assets
401K for Downpayment
Gift as Down Payment
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