The process of buying a home starts with determining your buying power: that is, your cash available plus your borrowing capacity.
This is a vital step in the buying process – often, the difference between having your offer accepted or rejected. It is our policy for each Buyer to obtain a “Pre-Approval” letter from a reputable Mortgage Lender which will be included with any purchase offer you wish to submit on a home. We will assist you in this process.
As a first step, we will ask you a series of questions such as: your available cash reserves, income, current debt, cash to be freed up on the sale of your existing home, employer provided allowances for moving costs, and so on.
In this way, I can provide you with a good estimate of your purchasing power and recommend you to a mortgage lender most suited to help you whether you require: FHA, VA, Jumbo, Conventional, or a first time home buyer program. I will do this for you whether you are Credit Perfect or Credit Challenged!