Michael A Veron

12/24/2023

Ivy league university graduates are stupid

06/21/2016

Depending on whom you ask, you may get different answers to the question of pre-approval versus pre-qualification. Truly definitions vary from lender to lender.

In reality, most lenders offer three forms of financing commitment:

1. Pre-qualification
2. Pre-approval
3. Final commitment

Deciding on which of these is right for you depends on where you’re at in the homebuying process.

If you’re several months away from purchasing, a pre-qualification will help you get an approximate monthly payment and loan amount. If you’re within 90 days of purchasing, then you need a pre-approval. Of course, if you’re ready to buy today, then you need a firm commitment.

Please give me a call today and we can review the best options based on your situation.

06/15/2016

Pre-approval is really the closest thing there is to a guaranteed loan.

After completing a thorough application and providing all the necessary documents to your financing specialist, the lender’s underwriters will begin pre-approval verification. The underwriters will verify your credit history and employment, as well as review your loan file. If everything meets with their approval, then you will be cleared for a specific loan amount.

The only thing to remember is that the final, firm commitment, on the part of the underwriter, is subject to a completed sales contract and a satisfactory property appraisal.

After being pre-approved, your lender will issue a letter of pre-approval that we can use to leverage our offer with prospective sellers.

Please give me a call to move forward with your pre-approval. As you’re agent, I’m here to help.

06/07/2016

Usually, in just a 15-minute phone call, a lender can pre-qualify you for a mortgage.

Because the lender’s underwriters do not validate credit history or employment information for pre-qualification, this preliminary review results in a non-binding opinion regarding how much of a mortgage you can afford.

Through pre-qualification, you’ll come away with an approximate monthly payment and price range to shop.

Just remember, a pre-qualification is only a guide to help you begin the process of looking for a home. It is not a guarantee that you will be approved for a mortgage.

If you’re interested in learning more, please give me a call today. I can help you find the right financing that fits your needs.

05/19/2016

04/26/2016

It’s not enough to be pre-qualified. Pre-qualification is not user friendly because it only tells how much you can afford.

Pre-approval goes one step further. With pre-qualification, your lender will do a thorough evaluation of your application, including verifying your employment and financial information, then officially establish you for a specific loan amount.

Having your loan pre-approved will give you a sizeable advantage as you begin the process of finding your dream home.

Give me a call today to get started with a pre-approval.

04/20/2016

If I can be completely honest with you, price tends to be the primary consideration for sellers. If you’ve sold a home before, then I’m sure you’re very familiar with this fact.

In a hot market, when interest rates are low and buyers outnumber listings, sellers are hoping to receive offers at full price or above.

So, if you’re competing for a home that you’re keen on buying, consider adding a clause to your offer stating that you will beat the highest offer by “x” dollars up to “x” amount. Of course, cash offers can be attractive to sellers, because a cash deal eliminates lender financing and facilitates faster escrows.

Whatever the case may be, as your agent, I’m here to help you find your dream home. Call me today and let’s get started!

04/13/2016

https://www.facebook.com/michael.veron.2010/posts/1777151779179617

A university study sees a steep rise in Southern California apartment rents as population and job growth outpaces construction.

03/29/2016

🙀

https://www.facebook.com/sharonchenfox5/posts/1748140782087122

If walls could talk, what would they say? And would you want to hear?