Get In The Drivers Seat

Most Realtors will NOT show homes to those who do not Qualify or do not have a Mortgage Pre-Qualification Document. At Premier Mortgage we will not only help you get qualified for a home loan, but also structure the document so that you will have the best opportunity to actually get the bid on the property you are interested in.

If you cannot qualify for a Home Loan today, we will enroll you in our "Home Buyer's Club" and tell you exactly what you need to do and how much time it will take to qualify. Then once a month we will contact you with the latest industry tips until you qualify for a home loan.

For more details call:

John Shaw

336-753-0844

Taking this simple step helps you to be in the "Drivers Seat" when it comes to purchasing your new home.

Do You Qualify For A Mortgage?

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Have You Been Pre-Qualified or Pre-Approved For A Home 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. Thats when it is important to understand the distinction between being pre-qualed 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. Well 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. Well 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.