If a buyer is Pre-Qualified a mortgage expert has reviewed the loan application. Based on the income, debt ratio and savings, the mortgage originator provides the dollar amount the buyer is eligible to borrow. This gives the buyer ability shop around for houses that fit into that loan amount category.

With a pre-qualificatoin in hand, especially from a reputable lender, the buyer now has the power to negotiate. The seller will take the offer much more seriously knowing that they have been pre-qualified by a lender. Statics show that full credit approval can save up to 10% on the purchase price of your home.

What Does It Cost To Get Pre-Qualified?

Pre-qualification is FREE! You have absolutely nothing to lose and everything to gain. Knowing where you stand places you in the powerful position of being in the driver's seat. It can lessen the time you spend searching for a home and place you in a better negotiation position than those who wait to get pre-qualified.

Is There Anything Better Than A Pre-Qualification?

A Pre-Qualificatoin from Service First Mortgage - The Davidson Group is not ordinary Pre-Qualification. Most Pre-Qualifications are given by sales representatives, not mortgage experts. Service First Mortgage - The Davidson Group will view your mortgage application through the eyes of an "underwriter", confirming your ability to obtain a mortgage and the loan amount. This is as close to "certain" as you can get without going through the actual mortgage process.