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 and email.

During the pre-approval process, I will ask questions and collect your information regarding credit, income, assets and debts. We’ll look at your credit profile and determine an amount of a down payment and get an idea of the different mortgage loan programs that qualify for.

I will issue you a pre-qualification letter indicating how much house you are pre-qualified to buy. This is something that your realtor will use to show any potential listing agents and demonstrate that you have done your homework and that you are ready to actually purchase their home.

Sometimes buyers try to work with listing agents directly in an attempt to undercut the purchase price by 3% which would be the buyers agent commission. I don't reccomend that. A good realtor will help with comparables and pricing and also the in's and out's of a contract negotiation. 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. But we will pull your credit, embed it in your file and submit the file on-line to either FHA or Fannie Mae/FreddieMac .

In the beginning of the process,  I will be able to tell you "Yes, No or Maybe" .

 Every file in today's mortgage banking world is run through automated underwriting which 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. That will begin as soon as your offer is accepted or just before.

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 provided additional links that will help educate you as far as what to expect during the home buying process.