Arrange Financing

miami realtor

Get a Mortgage Pre-Approval

An important ingredient in a successful home search is knowing how much you can afford. You don’t want to fall in love with a property only to find out it’s outside your price range.

That’s why I recommend getting a Mortgage Pre-Approval. This is a document from your bank or other lender stating how much of a mortgage they are willing to give you. There are two advantages to getting this pre-approval:

  • It gives you the peace-of-mind of knowing you can afford homes you view on the market, and won’t have problems arranging financing.
  • It’s a sign to sellers that you are a serious, prepared buyer – which gives you the edge when making an offer.

You can arrange for a Mortgage Pre-Approval with your bank or other lender, or by working with a good mortgage broker. I’m well-connected in the local real estate scene, so if you want me to recommend a reputable broker or lender, please contact me.

How Much Home Can You Afford?

Banks and lenders use specific criteria to determine how much of a mortgage they’re willing to offer you. They look at your income, expenses, credit history and employment status, as well as the down payment you plan to make on a home. It may seem like a scary process, but it is actually straightforward. You can usually get a Mortgage Pre-Approval in a day. You’ll be glad that you did.

By knowing what you can afford, you can confidently shop within that price range. For example, if you qualify for a $250,000 mortgage, and you have another $100,000 available as a down payment, you can look for homes in the $350,000 range.

Have questions about arranging financing? Please submit the form below or call or email Joshua.

My Top 3 Lenders are

 

Liberty Mortgage Lending – Located in Keller Williams Building 

Al Marchena

700 NE 90 st

Miami Shores, Fl 33138

305.694-3813

Cell: 305.788.2535

al.marchena@libertyml.com

 

Caliber Home Loans, Inc.

Karlos Zambrano

Cell: 786-886-8055

email: karlos.zambrano@caliberhomeloans.com

 

Hamilton Group Funding

Freddy Baez

13650 NW 8th st #109

Sunrise, FL 33325

Cell: 813-393-0985

Email: Freddy.baez@hgfloans.com