Financing
A crucial part of the homebuying process is identifying the right lender and mortgage product to suit your needs. However, a thorough evaluation of your financial strength and capability should occur long before you begin looking at homes or making an offer.
Why is important to get Pre-Approved?
By getting pre-approved you'll be able to know exactly what mortgage product you can qualify for and what type of monthly mortgage payment you can afford. It is especially important now that banks have become more stringent about their qualification requirements. Some sellers do not allow potential buyers to view their home without a pre-approval letter. Furthermore, a seller would be foolish to accept an offer which includes a financing contingency without first verifying that a solid pre-approval document accompanies the offer. Buyers should pay special attention to the property tax figures of the homes they view because qualification is based on a monthly mortage payment, which usually consists of principal, interest, taxes and homeowners insurance (and sometimes PMI).
Featured Lender
Buying, building, or refinancing your home is one of the most important financial transactions you will make in your lifetime. You deserve to understand the process and feel confident that you've chosen the right home AND the right loan! Residential Home Funding works exclusively with the best Real Estate partners to deliver a level of service and support that creates "customers for life." Let us get to know you today. Once you experience the professional caring that defines our company, you'll know you've got a powerful team on your side!
Call Residential Home Funding at (845) 454-6088 x110 or email asimpson@rhfunding.com
Mortgage Calculator
Use our mortgage calculator in order to assist you in determining how much you can afford.