Jay A Hendrick
William
Davis Realty
8856 Coleman
Blvd
Frisco, Texas
75034
Cell:
214-336-7088
Voice/Fax: 972-248-5991
Website:
www.RealEstateDal.com
Website:
www.ForeclosuresFrisco.com
Member: NAR TAR
CCAR
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NORTH DALLAS HOMES
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Take The First Step
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Mortgage Companies |
Mortgage Calculators |
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The first step in any
home buying process is to pre-qualify for a loan
through a mortgage lender. Knowing how much you can borrow
is a must before starting the process of looking for the right
house. In today's lending environment, before you even think
about buying a house, talking to a mortgage lender first is absolutely
necessary.
This procedure can be done over the phone and usually takes less
then an hour. If
you plan to shop around for the best available rates and fees
it would be advantages to know your FICO scores. This
information will
allow you to call several lenders to obtain
competitive rates from each without incurring multiple credit
inquiries.
When ever there is a loan related credit check
there may also be a risk of negative impact to you
score.
Also, keep in mind that
any large purchases you're thinking about making such as furniture,
expensive appliances, new cars, lawn tractors and such, should be acquired AFTER
YOU BUY YOUR HOUSE. Large
purchases and credit card run
ups incurred before the house closes can be detrimental
to your
credit score and could possibly cause the score to fall below
loan requirements subsequently preventing the house from closing.
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Pre-qualifying
When you pre-qualify for a
loan, all information is given verbally and your credit scores
will be pulled by the financial institution. The loan amount
and quoted interest rate will be based on the information you
supply and the credit scores obtained. Keep in mind, if you do
not disclose accurate information, when it comes time to
actually apply for the loan you may be denied.
Pre-approval
If you wish, you may decide
to get pre-approved for a loan. This step involves an actual
application and verification of
information supplied
to the mortgage company of your choice. You will
need to gather written information required by the lender and
visiting their local office to apply. A pre-approval
letter will show a seller that you are more serious then the
next guy and if there are multiple offers on the property
you're making an offer on, this could sway the seller decision in
your favor.
Equally important to you is the reassurance that the loan will
have a greater chance of closing after spending money to hire
the home inspectors,
providing the earnest money deposit, and paying for the
mortgage application and appraisal fee.
A pre-approval may
not be necessary but it doe have clear-cut advantages.
Again, unless you have
locked in the interest rate, even with a pre-approval, it
is possible for the variables to change.
Financing Your New Home
The information provided on
this page should assist you with your financing needs. Use
these links to obtain the latest information about loan
programs,
Mortgage companies,
interest
rate,
mortgage calculators,
investor stated income loans, monthly
payment estimating and
information to have when shopping for a
loan.
For first time
homebuyers, don't forget to ask the lender if you are
eligible for the $8,000 tax credit.
Current homeowners could
also qualify for a $6,500.00 tax credit.
Items
needed when you (apply)
for a loan
Zero Down Payment Home Mortgage; Do they
still exist?
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Mortgage Calculator
Click here to calculate your full
monthly payment
Principal-Interest-Taxes-Insurance
Calculator
A
List of Finance Companies
Reverse
Mortgages
Current
Interest Rates
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We serve Allen, McKinney, Prosper, Frisco,
Plano, Lewisville, The Colony, Sachse, Wylie, Murphy, Richardson,
Carrollton, Flower Mound, Coppell, along with many other areas
around DFW.
Frisco
foreclosures offer a tremendous amount of value and can save the
buyer thousands.
NORTH
DALLAS REAL ESTATE
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