mortgage qualifications

Mortgage Qualifications When we envision a successful future, our dreams almost always tend to include a home. Each of us may differ in house preferences yet the goal remains the same—a place to call our own! Financing is the most important aspect of the home buying process. Although your financial status is one of the many things that lenders will look more closely at, it doesn’t mean you can get a mortgage because you have a tremendous credit history and impressive assets. Here are some factors that will be considered in your application: Down Payment The 20 percent down payment is all but dead. You can now make a down paymentRead More →

pre-qualified

There are usually three stages to buying a home: the pre-home search, the home search and finally, being under contract. The initial pre-home-search refers to your goals,  expectations, and your budget. And by budget, it meant what you have been pre-qualified for. Getting pre-qualified is the initial step in the mortgage process, and it’s generally fairly simple. As a home buyer, you will be pre-qualified by a lender depending on your income and debt. More often, clients reach out to real estate agents but have not yet  spoken to a lender. This is totally fine. However, real estate agents may just be limited in giving you recommendations but talking to lender will ensure you a smooth loan application process from start to finish.Read More →