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Many people who can qualify for a mortgage rent houses or apartments for years because they are afraid of being turned down for a home loan. After their first home purchase, they are often filled with joy (and regret for waiting so long).
Did you know that it is often easier to get a home loan than it is to finance a car? Many people who have been turned down for car loans and credit cards can be approved for a mortgage!
Here's a fact: It is often easier to qualify for a mortgage than it is to qualify for a credit card or an auto loan. If you can walk into an automobile dealership then drive out a couple of hours later with a new or used car, you should seriously consider getting approved for a home loan.
Fact Number 2: The entire amount of time you spend applying for a mortgage and signing final loan documents can be much less than the time you spend negotiating with the sales pros in an auto dealership.
The mortgage loan process has much more paperwork than auto loans so it appears to be more intimidating (until you buy your first home).
Mortgage companies continue to churn out more and more paperwork because the mortgage industry is highly regulated by the state and federal governments. The truth is that most mortgage paperwork is boilerplate filled with legalease mandated by the regulatory authorities responsible for the residential finance industry. These regulatory requirements are a good thing; they protect you from the type of treatment you might expect in used car dealership.
There are several mortgage programs that do not depend primarily on a borrower’s credit scores. If you have not had 30-day late rent payments in the last 12 months, we should talk.
There are so many programs for first-time homebuyers, that if you are over eighteen years old and can read this Web page, you probably qualify for some type of mortgage. With California housing prices as high as they are, you may not be able to buy much house but you will never know how much unless you get preapproved or prequalified for a mortgage.
You are probably aware that California has pricey real estate. But people continue to buy homes in California. How do they do it? Unless you get prequalified or call in for a free home loan consultation, you may never know!
If you get prequalified for a home loan, when you find the home of your dreams, you will know that you can purchase it. Mortgage prequalification removes the guesswork and reduces the anxiety!
Call today for a free consultation! The call is free and the advice priceless.
Applying is easy!
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