debttoincome: You Are Qualifying For A Mortgage Payment, Not A Mortgage Balance - 01/09/12 01:21 PM
When you Pre-Qualify for a Texas mortgage, remember that you are qualifying for a payment, not for the loan balance.
When a buyer calls me for a Pre-Qualification Letter (also incorrectly called a Pre-Approval letter… because there is a HUGE difference in the two), I explain to them that they are actually qualifying for the payment and no so much the balance of the mortgage. During the call we will review the numbers in detail and I explain to the client that they qualify for a mortgage payment up to $XXXX.XX. The reason I explain to them that its all about … (13 comments)

 
John Cannata, Texas Home Mortgage - Purchase or Refinance (214-728-0449 http://TexasLoanGuy.com)

John Cannata

Texas Home Mortgage - Purchase or Refinance

Frisco, TX

More about me…

214-728-0449 http://TexasLoanGuy.com

Address: 1515 Heritage Drive # 207, McKinney, TX, 75069

Office: (214) 728-0449

Mobile: (214) 728-0449

As a resident of Frisco Texas and a licensed Texas Home Mortgage Professional, it is my job to remove the stress out of financing or refinancing your home. I do this by providing ongoing updates, being available for questions, and ultimately delivering 'as promised' with not surprises. My goal is to become your consultant for life and for you to rely on me to assist your family and friends as well.
By TwitterButtons.com


Listings

Links

Archives

RSS 2.0 Feed for this blog