In today’s market, it is very important to prequalify for a mortgage. The most desirable, well priced homes on the market are often under contract within just a few days. Few sellers will even consider an offer without proof that the buyer is pre qualified. In fact, the further along you are in the mortgage process, the closer you are to an accepted offer and a smooth closing.
Protecting Your Privacy: We want you to know that your privacy is very important to us. The information provided below will be used solely for the purpose of assisting you in the mortgage process. We do NOT share information with non-financial companies, such as retailers, direct marketers, airlines, etc. For more on our privacy policy, please click here.
You can also Apply Online and begin your mortgage application. Click here to begin the online mortgage application.
Prequalification involves the discussion and review of your credit history, debt to income ratios and other broad details related to the mortgage process with a licensed loan professional. Once they have determined that these generic details fit into one or more appropriate loan programs available, they can issue a prequalification. A preapproval is a much more thorough process that involves provide documentation to the lender that would be applicable to a mortgage process so that it may be reviewed in full in order to determine any potential issues or delays that might arise through the loan process.
While prequalifying for a home is an important first step, preapproval provides an additional level of comfort for both the buyer and the seller. When a buyer makes an offer to purchase with a home preapproval attached, the seller can feel confident that the lender has reviewed significant documentation and it is unlikely that there will be any issues or delays in the process. Furthermore, you as the buyer will have a number of other inspections and considerations during the purchase process. By providing accelerating the mortgage process prior to making an offer, you will be further along in the process allowing you to focus more attention on inspections, packing, etc.
Instant Mortgage Rate Help
Loan Amount: How much do you want to borrow? Example: 150,000 (You can borrow up to 100% of the purchase price of your home. You will find better interest rates at 95%, 90%, and 80% progressively.)
Property Value: This is the purchase price of your property or your best estimate of the appraised value of the property. Example: 175,000.
Loan Type: Selecting Refinance WITH CASH OUT may increase your rate. If you want some extra cash to pay the closing costs on your new loan, this would NOT be considered receiving extra cash.
Escrow/Impounds: Allows you to pay 1/12 of your annual property taxes and homeowners insurance with your mortgage payment each month. Escrowing your taxes and insurance will lower your points by .25%
Property State: Specify the State where the property is located
Property County: Specify the County where the property is located
Todays Rates: These rates are based on the following criteria..
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Rates and Fees Apply Online Refinance Home Loan Mortgage Center Company
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Equal Housing Lender National Mortgage Lender Number 164626
AZ BK-0019241 Licensed by the Department of Financial Protection and Innovation under the
California Residential Mortgage Lending Act #413 0556
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