License Number 10280Agents License Number M11000098
Finally you are looking for a home, but what can you afford? what you need to know that being PRE APPROVED can help you:
- buy a home with more confidence knowing how much you can buy for
- your rate is locked and ready for 120 days so that if the rates do go up you are protected.
- saves time knowing that all your info is already imputed in the application for a quick final approval.
A pre approval is based on all the info that you give me along with all supporting documents. All i ask is that you be honest with what you tell me as i will be inputting it in the application and helps for a speedy final approval. I promise to get you the best pre approved rate possible. I work for your best interest and my sole purpose is to find you the BEST mortgage at the BEST rate available to you TODAY.
I deal with 50 different lending institutions including most major banks.
When deciding whether or not you qualify for a mortgage lenders follow the 5 C’s of Credit. They are:
- Capacity – is the ability to pay back the loan/mortgage which is determined by your debt-to-income ratios (see below)
- Collateral – what property is used to help secure the loan (the property you are buying in this case)
- Capital – your net worth (assets minus your liabilities)
- Credit – Measured by your credit score taken from your credit history.
- Character – the impression you make to your loan officer.. bring coffee 🙂
- COMMON SENSE – there is actually a 6th C which is pretty self explanatory.
License Number 10280
Agents License Number M11000098