The first step in buying a home is pre-qualification. This is not a full mortgage approval, but a basic estimate of what you can afford in a home loan. This is sometimes confused with pre-approval, which is a more comprehensive and committed indication of the total mortgage amount available to you. Pre-qualifying helps you identify and resolve any issues you may encounter in your application. To simplify your loan process and get pre-qualified click here.

Understanding Mortgages

A mortgage is the loan a potential Home Buyer needs in order to make up the difference between the down payment and the purchase price of the home. There are a variety of mortgage programs available, with adjustable time periods and financing options. It usually takes about 30 days to process a loan application. The actual time depends on how promptly the lender can get an appraisal of the property, a credit report, and verification of employment and bank accounts. Upon meeting with a lender you’ll need to provide verification of income, assets, and long-term debt. As partners with First Houston Mortgage, Hartman & Associates makes the home buying process easier, faster, and more convenient by pre-qualifying buyers. First Houston Mortgage Company is both a mortgage broker and mortgage banker, whose primary focus is to provide superior products and employ the latest in communication technology to ensure the very best financing experience. We guarantee our service by offering the best response and the best services. To simplify your loan process and get pre-qualified click here.

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