Am I APPROVED!??

anthony patton

Mortgage approvals…. Am I approved…?

How much can I afford….

How much are my payments

What is the interest rate?

Should I lock the rate… what even does that mean?

How much is the down payment

All these are questions that keep people up at night when looking to buy a house. Let’s jump right in and put you at ease… We have helped thousands of families buy houses...and once we start helping you we are available to you all the time. That is different than most banks and lenders... all these advertisements about doing it yourself are just that… advertisements…. This is the biggest purchase you have ever made... you don’t want to be doing it on your own you want an expert advisor available at any time for you to ask questions…

We are available via text, email, phone or face to face visit.

Now let’s answer your questions…. Am I approved… there are three ways to be approved… 1 is considered a pre-qualification this is where we get a general idea of your income and credit based on a conversation or on line application and we tell you that you are qualified to buy a house…. It’s worth a little peace of mind but that’s about it…. 2 is an approval… this is where the automated system calculates your credit scores, down payment amounts, debt ratios and says yes you are approved…. Assuming you can prove your income and assets… 3 is a certified home buyer approval… this is where our special underwriter certifies your income and assets and says YES go buy a house up to xx amount… basically it is a blank check that give you a rock solid approval. This not only gives you peace but also helps prove to the seller you are serious about buying their house AND you can afford it…. Speaking of that…. How much can you afford?? This is where all the online calculators and automation loses touch with reality… this is why you want an expert advisor like me to talk with you.... after 30 years in the mortgage and real estate business we have seen a thing or two and can help you decide what you can afford. Just because some online calculator says you can afford a $3000 house payment doesn’t mean you SHOULD buy a house with a $3000 house payment…. I see it all the time... we want you to own a house that helps you reach financial peace… not sleepless nights…. Online rocket mortgage type companies don’t talk about that… we start by talking about how much you want your house payment to be each month and how much you can budget for a payment… once we understand your goals… now we can talk about what you can afford…

So what’s the rate? I can guarantee you the rate is changing… and if I tell you a rate today… it will be different tomorrow… It’s kind of like gas prices… if you need gas today… then today is when you buy gas… the fact that it was 1.23 or 4.23 last week doesn’t really matter because I need gas today…. Mortgage rates are based on whatever the stock market and bond markets are doing…. Sometimes there is a little trend up or a little trend down but our suggestion is that we lock in the rate as soon as you find a house…. No stress no pressure… just lock it in when you find a house… well what about the guy down the street or the bank across town or someone on line is quoting some crazy rate… again back to the gas price analogy… gas prices across the country vary depending on where you are… but they are fairly close in range…. Sure one guy may be at 1.99 and the guy on the other corner is 1.97 or 2.03 but it’s all fairly close… the same thing with mortgage rates… you may have one guy quoting 4.25% with $500 in fees and another guy … 4.125 with 850 in fees or even 4% maybe 4.5% with zero fees… but it’s all going to be about the same… and there are ways to truly compare…the question that keeps people up at night is how do I know I am getting a good deal.? I can help you with that…. We monitor all our competitors and compare all our rates and fees