We know that each customer has specific needs, so here at MrCo rona.com, we strive to meet those specific needs with quality service and individual attention. Our Mortgage partners pride themselves in giving you the mortgage information, loan options and convenient assistance  you're looking for.

With a variety of loan programs and an established network of lenders behind us, we will find the loan that best suits your needs, at a very competitive rate. Loan offerings such as conforming, non-conforming and government loan programs.

We have mortgage professionals who provides our clients with superior service and highly competitive rates and loan programs. 

Are you pre-qualified or pre-approved for a Home loan?

Before you begin to shop for a new home, you should set up a time to meet with me so we can figure out how much you can afford. This will put you in a better position as a buyer. That’s when it is important to understand the distinction between being pre-qualified for a loan and pre-approved for a loan. The difference between the two terms will be crucial when you decide to make an offer on a house.

To help you get pre-qualified for a loan, I will collect information about your debt, income, and assets, in addition to your credit profile and assess goals for a down payment and get an idea of different loan programs that would work for you. Our partners will issue you a pre-qualification letter indicating the amount you are pre-qualified to borrow.

It is important to understand that a pre-qualification letter is just an estimate of what you are eligible to borrow, not a commitment to lend. Getting pre-approved for a loan gives you competitive advantage when the time comes to bid on a home because you have been approved for a loan for a specified amount.

To get pre-approved, you will complete a mortgage application and provide various information verifying your employment, assets and financial status such as W-2 forms, bank records and credit card statements. A Mortgage loan Perfessonial will then review your mortgage options and submit your application to the lender that best meets your needs. Once the application process is complete you will receive a pre-approval letter indicating the amount your lender is willing to lend you for your home.

A pre-approval letter is not binding on the lender; it is subject to an appraisal of the home you wish to purchase and certain other conditions. If your financial situation changes (e.g. you lose your job or purchase a new car), interest rates rise or a specified expiration date passes, your lender must review your situation and recalculate your mortgage amount accordingly.
 
Call Joel today! (909) 910-3410 or (951) 340-9165

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