Get Prequalified for a Mortgage
with Contemporary Mortgage Services, Inc.
Why Get Prequalified?
Getting prequalified for a mortgage is the first step in your home-buying journey. It provides a clear picture of what you can afford, helping you set realistic expectations and focus your search on homes within your budget. Prequalification also gives you a competitive edge in a hot real estate market, showing sellers that you are a serious and prepared buyer.
What is Mortgage Prequalification?
Mortgage prequalification is an estimate of how much you can borrow based on your financial situation. It involves a preliminary assessment of your income, debts, assets, and credit score. Unlike pre-approval, prequalification is less formal and doesn't involve a hard credit check or the need for extensive documentation.
The Benefits of Prequalification
- Understand Your Budget: Know how much you can afford to borrow, helping you narrow down your home search.
- Strengthen Your Offer: Show sellers that you are a serious buyer with financing options already considered.
- Identify Potential Issues: Discover any financial obstacles early on, allowing you to address them before starting the home-buying process.
How to Get Prequalified
- Provide Basic Information: Share details about your income, debts, assets, and credit history.
- Initial Assessment: Our team will review your information and provide an estimate of your borrowing potential.
- Receive Your Prequalification Letter: Use this letter to demonstrate your buying power to real estate agents and sellers.
Why Choose Contemporary Mortgage Services, Inc.?
At Contemporary Mortgage Services, Inc., we make the prequalification process simple and stress-free. Our experienced mortgage specialists will guide you every step of the way, ensuring you understand your options and feel confident in your home-buying journey.
- Personalized Service: Tailored advice and support based on your unique financial situation.
- Fast and Easy Process: Quick turnaround times to get you prequalified without hassle.
- Expert Guidance: Knowledgeable professionals who can answer all your mortgage-related questions.
Ready to Get Started?
Contact us today to begin your prequalification process. Let Contemporary Mortgage Services, Inc., help you take the first step towards homeownership with confidence.
Contact Information
Phone: 407-834-3377
Email: info@contemporarymortgage.com
Address: 498 Palm Springs Dr, Ste 220, Altamonte Springs, FL 32701
Frequently Asked Questions (FAQ)
Q: How long does prequalification take?
A: Prequalification is typically a quick process and can often be completed within a day.
Q: Will getting prequalified affect my credit score?
A: No, prequalification involves a soft credit check, which does not impact your credit score.
Q: What is the difference between prequalification and pre-approval?
A: Prequalification provides an estimate of what you can borrow based on basic financial information, while pre-approval involves a more thorough review of your finances and is a stronger indication of your ability to secure a mortgage.
For any further questions, feel free to reach out to us. We're here to help you every step of the way!
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