- Name
- Andy Burton
- Company
- Prime Mortgage a division of The Business Bank
- E-mail
- Contact Andy Burton (Prime Mortgage a division of The Business Bank)
- Website
- http://www.andyburton.biz
- Office Phone
- (612) 562-6456
- Cell Phone
- (715) 760-0259
- Address
- 971 Sibley Memorial Highway, Lilydale, MN, 55118
- Description
- Andy and Prime Mortgage offer competitive rates and personal service. First time buyers, new home purchase, & refinance. Conventional, FHA, VA, USDA, & New Construction home financing.
About Us:
In today's world buying a home can be a stressful event, and with our years of experience we can make it as easy. If your looking for a a new home mortgage, first time homebuyers, downpayment assistance, finance home improvements, refinancing, or a debt consolidation. Finding the right Mortgage Advisor can be a daunting task, which is why we've made it as simple as possible.
Our consistent track record of success has earned us a large repeat and referral client base. Take a look around and find out why Prime Mortgage and Andy Burton are industry leaders in home loan financing in the Twin Cities Metro and Western Wisconsin.
Testimonials
Dear Andy
"Thank you for helping with the financial planning as we puchased our rental property. We appreciate your professionalism and prompt attention to details. Thanks for your thorough explanations as you talked us through your procedures. We look forward to working with you in the future."
Barb and Paul
First time investor- tri plex rehab- estimated 50K in equity built
Dear Andy
"I just wanted to Thank You for your hard work. You spent a lot of time with me reveiwing my options and explained it all clearly. You were very patient with me and persistent questions while I tried to gather all my information."
I have confidence recommending you and AMO to anyone.
Sincerely,
Mark
New home purchase
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 meet 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. We'll 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. We'll 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 not binding on the lender; it 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.
