What is an Appraisal Waiver? An Appraisal Waiver is when you qualify to skip the appraisal process when obtaining a mortgage. Why is this a big deal when putting in an offer to buy a new home? It tells the seller that there is no risk of the home appraising lower than your offer price…
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1.) Speak with us to get pre-qualified. 5% 2.) Submit Supporting Documents 10% 3.) Receive Pre-Approval Letter. 15% 4.) Work with qualified, and professional Realtor. (We can recommend people) 20% 5.) Find a home that you desire, and make an offer with the guidance of your realtor. 25% 6.) Take a copy of your check…
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How to Avoid Fake Pre-Approvals By Selena Boyts You receive a call from an enthusiastic and considerate representative claiming to have an attractive pre-approved loan offer. Before getting too excited, pause and think before you act. More often than not, such calls are made by fraudsters or lenders trying to pull a fast one.…
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A prequalification does not require you to fill out an application; It simply relies on the information that you provide. A preapproval requires you to fill out an application and authorize your mortgage broker to pull your credit. I can provide you with either of these. I can tell you quickly what you will qualify…
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There are many reasons why it can be better to work with a mortgage broker instead of a bank when you are trying to get a home loan. A great mortgage broker will work very hard for you to find you the best product and to help you get into your new home as quickly…
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Do you have a stable job with stable income? Do you have good control of your monthly debt payments and a decent credit score? If you answered yes, then you are probably ready. The first step to find out if you are ready to purchase a home is talking to a mortgage professional. A local…
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What Are the Benefits of Buying a Home Instead of Renting? You never have to worry that your landlord will raise your rent With a fixed rate mortgage your monthly principal and interest mortgage payment will remain the same for the life of your loan. You are never left wondering if your landlord will increase…
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One of the most important components of a prospective homebuyer’s offer is the Pre Approval Letter. As our culture has evolved to a have-it-now mentality some online lenders have begun to take shortcuts. These online lenders and banks have started to issue pre-approval letters simply to win over a borrower’s business without really doing a…
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The most common question asked when talking about mortgages is… “What are today’s rates?” Ever ask yourself what determines these rates? Here is a quick list of what goes into determining the interest rate on your mortgage: Loan Amount – Loans over conventional limits are called Jumbo Loans and may have different pricing. This pricing…
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HOME BUYER’S CHECKLIST for 1ST TIME HOME BUYERS √ Get Pre-Qualified with a Broker! Your first move when entertaining the idea of purchasing a home is to find a broker like myself. When you reach out I can answer any questions you may have and we can begin working together to get your base line…
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