Arrange Financing

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 in Martin or Palm Beach County only to find out it’s outside your price range.

That’s why we 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.
  • Many sellers will not accept an offer without a “pre-approval letter”.  Don’t be caught short!

You can arrange for a Mortgage Pre-Approval with your bank or other lender, or by working with a good mortgage broker. Keep in mind that you are allowed multiple no penalty, “hard hits” to your credit (so your credit score is not negatively impacted) when shopping around for the best financing. You can also contact one of our Recommended Local Lenders listed below:

Bryant Stuckey (SWBC Mortgage Corp)   (772) 486-3049                   APPLY ONLINE 24/7 at:    www.BryantStuckey.com

Jackie Doran (Capital Partners Mortgage)   (561) 716-0448               APPLY ONLINE 24/7 at:  www.MortgagesByJackie.com

Bob Smith (Cason Home Loans)   (561) 252-8539                                      APPLY ONLINE 24/7 at:  www.BobSmithLoans.info

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 for Stuart, Hobe Sound or Jupiter? Please submit the form below or call or email us.


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