• Hillary C

First Step Towards Your Home Purchase


Are you considering purchasing a home but not sure where to begin? Well, a great place to start, whether this is your first home or your fifth, is with getting pre-qualified.

How Do I Get Pre-Qualified?

Lucky for you, it is fairly simple, free, and there is no obligation. What is better than that?! During this process you complete an application to supply basic information such as your employment history and financial information. You will then submit supporting financial documents such as your Tax Returns, W-2's, pay stubs, and bank statements.

Once I review these items, it's time to put a plan into place.

During the pre-qualification process we will go much deeper than just what you qualify for. We will also compare different loan programs that you are eligible for, what to expect once you are under contract, and how to stay pre-qualified throughout the entire home buying process. The pre-qualification letter is typically good for 3 months, however in order to ensure a smooth process you should always keep in constant contact with your lender and agent. Remaining in communication regarding any financial changes will put you in the best position when you do find the home for you.

So, what are you waiting for? Get started NOW!

Click Here: mainstreethomeloans.com/hcochin

If any real estate agents would like this information in flyer format to pass along to your clients, just email me at hcochin@firsthome.com for a copy.

#GettingStarted #Prequalification #preapproval #loanprocess #Firststep #homepurchase

HC

This website is for informational purposes only. The information contained herein can change at any time, and there is no representation to the accuracy contained herein. Make sure you understand the features associated with the loan program you choose, and that it meets your unique financial needs. Subject to Debt-to-Income and Underwriting requirements. Please note that the pre-qualification does not constitute a commitment or a loan approval but is instead a preliminary assessment of your current credit worthiness. This is not a credit decision or a commitment to lend. Eligibility is subject to completion of an application and verification of home ownership, occupancy, title, income, employment, credit, home value, collateral, and underwriting requirements. Not all programs are available in all areas. Offers may vary and are subject to change at any time without notice. Main Street Home Loans is not a Financial Advisor, Tax Consultant or Credit Repair Company. Please make sure to consult your own Financial Advisor, Tax Consultant or Credit Repair Company regarding your specific financial situation. Veterans Affairs loans require a funding fee, which is based on various loan characteristics. VA 580 FICO – Purchases only, must have Automatic Underwriting System (AUS) approval. No cash-out under 600. On a USDA Loan 100% financing, no down payment is required. The loan amount may not exceed 100% of the appraised value, plus the guarantee fee may be included. On FHA loans, LTV’s of up to 96.5% for FHA loans. FHA 580 FICO – Credit score below 600 requires Automatic Underwriting System (AUS) approval. Fixed rate loans only. W2 transcript option not permitted. APR describes the interest rate for a whole year (annualized), rather than just a monthly fee/rate. The APR allows a borrower to compare costs of credit because it factors in term, interest rate and fees associated with the loan. Adjustable rate mortgages (ARMs) are home loans with a rate that varies. Your interest rate and monthly principal and interest (P&I) payments will remain the same for a defined initial period, then adjust annually when that initial period is over. During the adjustable period, there will be an interest rate cap that sets a limit on how high your interest rate can go. This product is primarily for a borrower with good credit (min 680 FICO) but a low Loan-To-Value (95% max). Debt-to-income ratios apply. Investment condominiums not allowed. Refinancing an existing loan may result in the total finance charges being higher over the life of the loan. Down payment assistance programs may require an educational class be taken. Down payment assistance programs are typically second mortgages that require the borrower to apply for a first mortgage. Testimonials appearing on this advertisement and Zillow, Yelp, Facebook, Twitter or other social media outlets are individual experiences of those who have used our services. Main Street Home Loans. does not provide incentives for testimonials or reviews. Any customer reviews on or before February 5, 2019 are for services performed prior to employment with Main Street Home Loans. MLO licensing information: DC MLO143670; VA MLO-740VA; MD 5762. Main Street Home Loans is a Division of NFM, Inc. NMLS 2893. NFM, Inc. is licensed by: DC # MLB2893; Virginia Mortgage Lender and Broker, Licensed by the Virginia State Corporation Commission # MC-2357; MD # 5330. For NFM, Inc.’s full agency and state licensing information, please visit www.nfmlending.com/licensing. NFM, Inc.’s NMLS #2893 (www.nmlsconsumeraccess.org). NFM, Inc. is not affiliated with, or an agent or division of, a governmental agency or a depository institution. Copyright © 2019.

 

NMLS: 1131858  - Check My License Here

 

© 2019 by Hillary Cochin. Proudly created with Wix.com. Privacy Policy