Whaat does it mean to get pre-approved for a Home Loan?

So what does it mean to get preapproved???

Before you begin looking for a home it is very important to get preapproved.  This will give you an idea of how much of a home you can afford.  And if you will qualify at all.

So what happens when you get pre-approved for a Mortgage. 

For a FREE Pre-approval contact Keith at hollistermortgage

1. We pull and evaluate your credit. (Offer credit help if work needs to be done.)
2. Evaluate you income.  Based on your pay stubs
3. Evaluate you work and work history.
4. Evaluate you assests.  If you have enough for a down payment or closing costs.
5. Evaluate you debt to income ratio (DTI)

All these things put together helps us pre-approve you.  It also give you a range of what you can and cannot afford.   For example if your DTI is too high you will have to look for a cheaper home.

For more information contact me at mortgages4california

Call me at 831-801-8667

Keith Woeste
ANF
NMLS 292588
hollistermortgage
mortgages4california
repairmy-fico