Mortgage Edge - Talk Mortgages

F.A.Q.'S

WHAT IS A PRE-APPROVAL AND HOW DO I GET ONE?

A PRE-APPROVAL IS CALCULATED ON INFORMATION GIVEN BY YOU. IT IS USUALLY SUBJECT TO CERTAIN CONDITIONS BEFORE IT IS FINALIZED: THINGS SUCH AS CONFIRMED EMPLOYMENT INCOME AND YOUR DOWN PAYMENT. THE GUARANTEED INTEREST RATE IS USUALLY 90 – 120 DAYS FOR A SPECIFIC TIME PERIOD.

MOST SUCCESSFUL REAL ESTATE PROFESSIONALS WILL INSIST ON KNOWING YOU HAVE A PRE-APPROVED MORTGAGE BEFORE THEY WILL BEGIN SHOWING HOMES. THIS IS TO MAKE SURE THE PROPERTY WILL BE WITHIN YOUR AFFORDABLE RANGE. TO GET A MORTGAGE PRE-APPROVAL, CALL YOUR MORTGAGE SPECIALIST*. THEY WILL IN TURN DETERMINE YOUR FINANCIAL SITUATION AND CALCULATE THE MORTGAGE RANGE IN WHICH YOU WILL QUALIFY. ALONG WITH THIS INFORMATION AND YOUR AUTHORIZATION, THEY WILL THEN PROCEED TO ARRANGE A PRE-APPROVED MORTGAGE, IF YOU WILL BE BUYING IN THE NEAR FUTURE.

PLEASE CONTACT US FOR FURTHER INFORMATION ABOUT A PRE-APPROVED MORTGAGE.

*Mortgage Edge assumes no responsibility for the use or application of any comments and/or formulas on this site. Any areas concerning taxes, investments,mortgages, insurance or specific legal situations should be referred to lawyers, accountants, financial consultants, realtors or other licensed professionals, qualified or authorized to render such advice. Additionally, all concierge services are paid advertisers, and Mortgage Edge does not warrant or guarantee any work provided. All Rates are subject to change without notice and may vary based on individual application. O.A.C. Fees may apply in some circumstances on unqualified transactions.

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