If you don't find the answer that you are looking for, just contact us and we'll get you the right answers.
Being pre-qualified is based on your provided information, which will then give you an estimate on the amount that you are able to borrow. A Pre-approval means that your information is evaluated thoroughly. It is a closer estimation of how much you will be approved for.
You [and your co-borrower, if applicable] will need the following documents when applying for a loan:
• Social Security Number
• 2 Years Proof of Employment (If self-employed then please provide most recent 2 years business tax returns and current YTD profit/loss statements as well as balance sheets)
• 2 Most Recent Paystubs
• 2 Most Recent Years of Tax Documents (W-2 statements and tax returns)
• Bank Account Information (2 Most Recent months of asset statements-checking, savings, retirement, etc.)
• Credit Information (Provide details of any new accounts or accounts not currently reporting on your credit report such as: )
• Monthly Expenses (Housing, etc.)
There are many factors that could impact the type of loan that you qualify for. You could reach out to your local loan originator to find out what loan you qualify for. If you need more information on the various types of loans, check out our Loan Types page.
An appraisal is the process of having a licensed and trained individual report on the worth of a home. This individual is completely unbiased and will be able to provide the lender, buyer and seller an accurate value of the home. Having an appraisal done on the home establishes protection for all parties involved. They will determine if repairs are needed, if the price is fair in comparison to other homes within the area, and a detailed report calculating the true value of the home.
An interest rate is the amount it will cost you to borrow the principal loan amount. It could either be a variable or fixed amount and will always be expressed in percentage form. An APR measures a mortgage and includes the interest rate plus discount points, closing costs and broker fees. APR’s are expressed in percentage form.
Closing costs include:
• Loan Origination fees
• Appraisal fees
• Discount Points
• Title Insurance
• Credit Report charges
• Deed-recording fees
• Title Searches
Refinancing is when you replace your current loan with a new loan. This new loan should include improved terms and features than the prior loan. If your current loan is too expensive or risky, then you should look into refinancing. Typically, refinancing is beneficial because you can: Save money Lower your payments Shorten your loan term Change your loan type Consolidate your debts Pay off a Loan with a Due-date or balloon payment
Yes, you can qualify for a mortgage as long as the seasoning requirements for the specific loan type have been met. This is something you can discuss with your Loan Originator in detail.
My wife and I sincerely appreciate the work Sarah and her team did because their service to us flawless. We were required to close on the sale of our home in only 2.5 weeks. This meant we needed to select a lender that could process a loan within 2.5 weeks for the home we were purchasing. Other companies said they couldn't do it, but Sarah said it was "no problem" and she proved it. Sarah is extremely knowledgeable and easy to work with. You want her on your side. I highly recommend her!!
Did a VA Refi with Joe and he was great from Day One. Total Pro and very nice. The entire Morgan Financial Team is fun to work with. David has a great personality and he hires people similar. Non Threatening, no hassell, friendly. For one minute I had a concern about the loan and David and Joe immediately remedied my fears.
Kelly was amazing. Our situation had a lot of factors that made it complicated at times, but Kelly never stopped doing her best to make sure that we were taken care of. She was quick with any questions we had, and it was never hard to get a hold of her. She made this experience amazing.
Tina was extremely pleasant, knowledgeable, and easy to work with. Started our process with a "big"bank, but was referred to her by a friend. What a difference! She has that "can do" attitude! Everything turned out great, and we love our new home. Thanks Tina and Sara!!!!
Juan made my first purchase of a home incredibly pleasant. He really went above and beyond my expectations by providing fast, effective, and useful information and guidance. I will undoubtly recommend Juan and I am glad to have had his assistance in such a large life decision and investment.
I was introduced to Michael via the 94.3 WZZR's Florida Talk Real Estate show and their amazing network. They are truly everything home investment. Home owners insurance, refinance, credit repair, etc. Michael consistently answered my calls, gave much needed advice and drove the entire refinance process through completion. Words cannot express my gratitude. Thank you, Mike!
Being a first time home buyer I had no ideas what I was doing other than wanting my own home. Sean we’re so very helpful anytime of day if I had questions and wanted to know anything about the process he were there for me and I REALLY appreciate Everything you did to help me through this process.
A few years ago we worked with Ken to buy a house and the experience was no stress and just so easy. When we had questions, Ken was always there to answer them and he is always someone that I recommend when trying to get a loan. I know Ken is dedicated to getting the deal done and being able to make people's dreams of getting into a new home come true. I will always use Ken for my mortgages. What I liked the most was that he doesn't let the details slip through the cracks. So important.
Process was very thorough and went smoothly. I prefer more personal communication rather than email, and when I requested this, Patrick was happy to oblige. Towards the end there was a small hiccup and Patrick handled it professionally and satisfactorily.
I could not have been more pleased with the service and attention I received from Gulfside Mortgage Services. They helped me through the process that I believe could have been very difficult. Thanks so much for all you help in getting my new home. Highly recommended!
Patrick and his team were fantastic throughout the whole process. We never had an unanswered question and everything went smoothly. We really liked that his office has subject matter experts for each stage. Thank you also to Michelle, Jennifer, Chloe and the whole team!
Dan and his colleagues were beyond helpful and efficient in helping us buy our first home. From the beginning, with us not really knowing what to do, he made sure we have everything we needed and we had a very easy closing in a very timely manner. I would definitely recommend Dan. We are now happily moving into our dream home thanks to him.