Orlando FL real estate listings and homes for sale, home buying, home selling information

Mortgage Resources

Shopping around for a home loan or mortgage will help to get the best financing deal. A mortgage - whether it is a home purchase, a refinance, or a home equity loan - is a product just, like a a car, so the the price and terms may be negotiable. You'll want to compare all costs involved in obtaining a mortgage. Comparing your options and negotiating with your lender may save you thousands of dollars.

Latest Mortgage Stories

Mortgage Stories © ML

Q. Should You Talk to a Mortgage Professional Before House Hunting?

A. Yes, You Need to Know How Much You Can Afford.

Even if you haven't so much as picked out houses to visit yet, it's important to see a mortgage professional first. Why? What can a mortgage professional do for you if you haven't negotiated a price, and don't know how much you want to borrow?

When you are pre-approved, a mortgage professional can help you determine how much of a monthly mortgage payment you can afford, and how much they can loan you. During the pre-approval process, the mortgage professional will consider your income and debts, your employment and residence situations, your available funds for down payment and required reserves, and some other things. It's short and to the point.

Once you qualify, you will receive a Pre-Approval Letter, which says that you have a mortgage professional working with you to find the best loan to meet your needs and that they are confident you will qualify for a loan for a certain amount.

When you find a house that catches your eye, and you decide to make an offer, being pre-approved for a mortgage will do a couple of things.

It lets you know how much you can offer. Your real estate agent will help you decide on an appropriate offer, but being pre-approved gives you the confidence to know you can follow through.
To a home seller, your being pre-approved is like you walked into their house with a suitcase full of cash to make the deal! They won't have to wonder if they're wasting their time because you'll never qualify for a mortgage to finance the amount you're offering for the home. You have the clout of a buyer ready to make the deal right now!

You Can Use the Calculator Below to Get an Idea of
How Much Mortgage You Can Afford, -- but it's important to meet a mortgage professional.
First of all, you'll need a Pre-Approval Letter! Secondly, you may be able to qualify for different mortgage programs that better fits your needs.

Use our 20 Mortgage calculators to calculate your payments

Take Advantage of a Free, No Obligation
Loan Pre-Approval With
1st Continental Mortgage, Inc.*

	The Advantages
√	One credit report is pulled while shopping your loan with various lenders.
√	Know how much house you can afford.
√	Know how much cash you will need for the down payment.
√	Simplifies the approval process.

1st Continental Mortgage is a licensed corspondent lender with the Florida Department of Banking. Their goal is to find the best loan program by comparing rates and services of multiple lenders including their own special loan programs. You will save time and money while eliminating the need to shop around.

Items considered when pre-qualifying for a mortgage loan include:

Employment History
Credit History and Scores
Monthly Income and Expenses

With my knowledge of the mortgage market, I'll help you make an informed decision as to the type of loan you'll want. There are many different types of loans to consider - FHA, VA, Conventional and even Bad Credit Loans. You will have the best loan for your situation.

*Rhonda Williams is a Licensed Mortgage Broker and has a business affiliation with 1st Continental Mortgage, Inc. You are not obligated to use 1st Continental Mortgage for your mortgage services.