Being pre-approved - Creative Mortgage Lenders

Are you pre-qualified or pre-approved for a loan?
Before you begin to shop for a new home, you should set up a time to talk with me so we can figure out how much you can afford. This will put you in a better position as a buyer. That's when it is important to understand the distinction between being pre-qualified for a loan and pre-approved for a loan. The difference between the two terms will be crucial when you decide to make an offer on a house.

To get pre-qualified for a loan, I will collect information about your debt, income, and assets. Well look at your credit profile and assess goals for a down payment and get an idea of different loan programs that would work for you. I will issue you a pre-qualification letter indicating the amount you are pre-qualified to borrow.

It is important to understand that a pre-qualification letter is just an estimate of what you are eligible to borrow, not a commitment to lend. Getting pre-approved for a loan gives you competitive advantage when the time comes to bid on a home because you have been approved for a loan for a specified amount.

To get pre-approved, you will complete a mortgage application and provide me with various information verifying your employment, assets and financial status such as W-2 forms, bank records and credit card statements. Well review your mortgage options and submit your application to the lender that best meets your needs. Once the application process is complete you will receive a pre-approval letter indicating the amount your lender is willing to lend you for your home.

A pre-approval letter is subject to an appraisal of the home you wish to purchase and certain other conditions. If your financial situation changes (e.g. you lose your job), interest rates rise or a specified expiration date passes, your lender must review your situation and recalculate your mortgage amount accordingly.

Pre-qualification is Free with Creative Mortgage Lenders! We pride ourselves on helping people to save money when they fiance real estate in the state of Floirda.

Get your free pre-qualifiation today. Apply here:

Free Pre-qualification

Simply complete the below information and a Mortgage Consultant will
contact you shortly to give you your Free pre-qualification. Be sure to
ask for your Free Home Buyers Handbook!

Purchase:

*Name:
*Email:
*Phone:
Alternate Phone:
*Have you signed a Purchase Contract?:
*Do you currently Own or Rent?:
*How soon do you plan to move?:
*How many years at your current job?:
*How much is your down payment?:
*What is the best time to reach you?:
*Credit history-Excellent/Good/Average/Poor:

Are You Refinancing? If Yes-complete:

*Type of property; SFR/Condo/Townhome, etc.:
*Approximate Value of your Property?:
*Are you getting cash-out?:
*Approximate Mortgage Balance(s):
*Current interest rate?:
*What is the purpose of this refinance?:

Note: Fields with an * are required

Creative Mortgage Lenders has been helping families, individuals and partners since 1996 to secure affordable financing for their real estate financing needs. You can rely on our trustworthy and personal service to help you with both residential and commercial financing for any property located in the state of Florida.