Loans - Credit Score Driven
- All loans are credit score driven. Lenders use the middle score from
the 3 credit bureaus to qualify an applicant. So if you are shopping
your loan based on only one score, you may be disappointed with
the final outcome.
#1 - Shop Your Loan
If you are in the market to purchase a home, the very first thing you should
do is to shop your mortgage and be Pre-Approved.
- Sellers are reluctant to accept offers from buyers who are not Pre-
Approved.
- You may be shopping in a price range that is beyond the scope of
your credit or your monthly payment limitation.
- Conversely, a home in a higher price range with better amenities may
be affordable.
- There may be an unknown issue relative to your credit that may take a
little more time to handle than the time allotted by the Lender to hold a
rate lock. You could be faced with having to go to a higher interest rate
and fees in order to have a home with which you've formed an
emotional attachment... Or suffer the loss of letting it go... Or suffer
the financial loss of missing out on a good deal.
- When you are ready to make an offer on a property, the contract must
be specifically worded to comply with your financial limitations.
Otherwise, your deposit may be put at risk if you are not able to
perform.

Best Loan "fit" - Prior To Contract
- There are so many options available to Applicants through the many
lenders with hundreds of different programs. Knowing which one is
the best "fit" for your personal financial picture is essential. Shopping
your loan within the short time period allotment in a contract could put
you at a disadvantage.
Available nights and weekends by appointment Phone 727-461-9090 after hours 727-422-7719
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For a quick pre-approval, please click on the link below.