Mortgage Resources

Here are a few mortgage resources to assist you in getting prequalified and/or giving you information on financing possibilities. It is wise, beforemaking an offer on a property,to have a pre-qualificationletter from a mortgage institution. You know how much you can afford to spend and having the lettermakes your offer stronger to the seller.

Tools to Help with Your Mortgage:

• Pre-approved Buyer Is A Serious Buyer
  An essential first step in the home buying process entails getting pre-approved for a mortgage loan. The process involves a thorough review of your financial situation and allows you to determine the size of the mortgage loan for which you qualify.
  
  
• Mortgage Calculators (How Much Can I Afford??)
  
  
• Mortgage Frequently Asked Questions
  What is the difference between pre-qualified and pre-approved? Pre-qualification represents a mortgage professional’s opinion, in which little information, if any, has been verified. A pre-approval is the result of verifying credit, income, and assets, and represents a decision as opposed to an opinion.
  
  
• Refinancing Your Mortgage Frequently Asked Questions
  
  
• Mortgage Terms Glossary