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Christina Simmons

Christina Simmons
Realty Associates
The Woodlands, TX 77380

713-269-9235
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Getting a Legitimate Lender and Getting Pre-Approved

It used to be that buyers could go house shopping and when they have found their dream home, then they go to get pre-approved. However, in today’s market, that has proven to be one of the least effective methods in landing the dream home.

Most lenders can pre-qualify you for a mortgage over the phone. Based on general questions about your income, debt, assets, and credit history, lenders can estimate how much mortgage you qualify for. However, being pre-qualified and pre-approved are different things. Pre-approval means that you have applied for a mortgage; you have filled out the mortgage application, received your credit report, and verified your employment, assets, etc. When you are pre-approved, you know exactly what the maximum loan amount will be.

A pre-qualified letter is not verified and in essence, does not count for much if you are competing with other buyers who are pre-approved. When you are pre-approved, you and the seller know exactly how much house you can afford. It gives you credibility as an interested buyer and lets the seller know immediately that you will qualify for a loan to buy their property.

In addition to being pre-approved, it’s important to be pre-approved with a legitimate lender. Legitimate lenders include: banks, mortgage bankers, credit unions, savings and loan associations, mortgage brokers, and online lenders.

Some lenders to avoid: those who lose a form or misplace a file, those who gather information from you in an unorganized manner, those who are not informed about interest rates, points or costs, and those who cannot provide you with the right information.

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Christina Simmons
Realty Associates

26119 I-45 #210
The Woodlands, TX 77380
Phone: 713-269-9235
Fax: 866-423-3747
Email: christina@christinasellshouston.com

Testimonials

Christina Simmons is a phenomenal realtor and very knowledgeable in Real Estate. Christina provided the utmost Real Estate service when I was purchasing a home. Christina has the best interest for her clients. She provided me with information on local schools and daycare which was a great help  when deciding on a location to purchase a home. Christina has always been available to answer any questions or concerns before and after purchasing a home. Christina Simmons has top quality customer service and I am thankful to have had her as my realtor. I will highly recommend Christina for any Real Estate services. shaffer jackie1
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