Mortgage Guide Team Salari Hilton Head Island

MORTGAGE GUIDE What's the First Step in the Financing Process? Getting pre-qualified helps you determine how much home you can afford, based on specific financial information you share with your lender. The lender does not verify this information, and consequently there is no guarantee you will qualify for the loan amount. However, getting pre-approved requires that the lender verify your financial information, and does serve as a commitment to lend a specified amount based on that verified information. This gives you significant buying power with a seller who recognizes you will be approved for a loan. More About Pre-Qualification Pre-qualification is an informal discussion between borrower and lender. The lender estimates the amount that you can borrow based solely on what you tell them about your income and assets. The lender does no verification and is not bound to make the loan when you're ready to buy. On the other hand, loan pre-approval is based on documented and verified information regarding your employment, your income, your liabilities, your assets and the cash you have available to close on a home purchase. Pre-Qualification vs. Pre-Approval To a seller, a lender's pre-approval letter is considerably stronger than a pre-qualification letter. If a seller knows your financing is secure, your offer is stronger. Pre-approval also gives you peace of mind as you shop for a home, knowing that you will qualify for the proper mortgage amount. When it comes to financing, we provide hundreds of options as well as trusted assistance in making sound financial decisions. Take advantage of our low interest rates and fees, complimentary pre-qualification, easy application process, a wide variety of lenders and products to choose from, highly trained mortgage consultants, and local loan processing which minimizes time spent at closing. Ask Me About Our Mortgage Solutions: Streamlined approvals reduce the need for full employment and asset verification Mortgages from $25,000 - $5,000,000 15 to 30-year fixed and adjustable rate alternatives Rates with extended lock periods and float-down feature to protect you in an escalating rate market Refinancing alternatives for every owner Our Specialties Include: Owner-occupied, second or vacation home financing No down-payment' programs Special financing programs   For More Financing Information and to Schedule an Appointment with a Mortgage Professional