Get Prequalified
Find Out How Much Home You Can Afford.
Getting prequalified is a crucial step in finding out exactly how much you'll be able to afford and what kinds of loans and interest rates are available to you. Let us help you with this process.
This is a free, no-obligation service and your information always remains private. For an accurate estimate, please include as many details as possible.
In a market plagued by foreclosures and defaulted loans, lenders expect more from buyers and Dixie Lyon and EXIT Stone Oak Realty are ready to help make the mortgage process as painless as possible. Before diving into a preapproval process, we suggest home buyers fill out a prequalification application. This information is securely passed on to potential lenders and used to calculate how much home a couple or family can afford. When a prequalification process is completed, buyers will have a number they can work with to find San Antonio luxury homes they can afford.
What Is Needed for Mortgage Prequalification?
Much like a mortgage application, the prequalification process requires several numbers and details about personal finances. Some home buyers prefer to fill out the application for prequalification in person due to the sensitivity of the information, but rest assured, social security numbers and the like are not collected with our prequalification application.
What potential buyers will need is access to personal financial information like purchase price of the home in question, value of current home if applying for refinancing, loan amount (purchase price – down payment), current monthly salary, monthly commissions or bonuses averaged over two years, current financial obligations (how much is going out every month) and liquid assets.
Liquid assets can include checking accounts, savings accounts, stocks, bonds, IRAs, CDs, money market accounts and 401K programs. In order to be defined as liquid, the asset must have money that can be accessed for the purchase of a home. Some retirement accounts allow access to a certain percentage of the invested money for the purchase of a new home – this is considered a liquid asset.
Having Trouble With the Prequalification Application?
No part of buying Schertz homes should be difficult. Before filling out the prequalification application for San Antonio TX luxury real estate, gather all financial information together. This could take some time if you have assets that need to be verified as liquid. If you have any questions or concerns about the prequalification process, or if you wish to skip prequalifying for preapproval, call Stone Oak Realty today and talk with Dixie Lyon about your questions or concerns.
Contact us by phone at 210-867-5511 or by email via the contact form on this website. Dixie Lyon can also be emailed directly by sending a message to dllyon@satx.rr.com. There is no sense in sitting around contemplating the answers to your questions. With years of experience in prequalification, preapproval and mortgage loans, Dixie Lyon is ready to answer all your financial questions about real estate and Cibolo homes for sale today.
