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Welcome > For Buyers >
Mortgage Prequalification ...
Don't Go Shopping for a New Home Before You Know Exactly How Much You Can Spend!  Pre-Qualification vs. Pre-Approval
Pre-qualification is not a mortgage approval but simply an estimate of what you can afford. The lender asks basic information regarding your income, monthly debts, credit history and assets, and then uses this information to calculate an estimated mortgage amount. Based on what you say, the lender has not committed to your loan, therefore you have not received guaranteed funds.
Pre-approval is a bona-fide loan decision based on the applicant’s credit report, verification of income, asset and debt information provided by the customer and information provided during the application. When a mortgage lender issues a pre-approval it means that they will fund the loan pending a satisfactory appraisal of property, a title report, and purchase contract.
When you get pre-approved for a mortgage, you are a stronger buyer with a greater chance of having your offer accepted. For example, if the seller receives multiple offers and the other applicants are not pre-approved, your application may look better to them as they do not have to wait for the other buyers to go through the approval process.
Call for a Pre-Approval from Coldwell Banker Home Loans 1-877-242-6658.  You might have an idea of the loan payment and mortgage you can afford. But will the bank feel otherwise? It's always best to pre-qualify for a mortgage so you know exactly how much a financial institution would be willing to lend you.
In the pre-qualification process, you will find out:
- Exactly how much home or land you can afford.
- How much cash you will need for the down payment.
- The minimum down payment, and advantages of higher down payments.
- Compare 15 year vs. 30 Year mortgage rates and payment
- What the bank feels you can afford for a monthly payment.
- Are there advantages with an Adjustable Rate Mortgage?
We help buyers pre-qualify for mortgages every day. Simply fill out the form below to get started.
Remember: we will respect your privacy! We know this is your personal information, and we will not distribute it to anyone, other than to our preferred mortgage broker. This service is also provided free of charge, without any obligation on your part. It is part of our job as top Tenafly, Closter, Demarest, Cresskill, Haworth, and Englewood Cliffs REALTORS® to offer services such as these.
Once you fill out the form, we will quickly process your information and get right back to you
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Alpine,
Closter,
Cresskill,
Demarest,
Edgewater,
Englewood,
Englewood Cliffs,
Fair Lawn,
Fort Lee,
Haworth,
Harrington Park,
Leonia,
Norwood,
Teaneck,
Tenafly | We can help you pre-qualify for your mortgage. It's our job! This is free and without obligation...
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You see them on cable TV, sitting around a swimming pool, sharing stories about how they got rich quick by buying valuable real estate for give-away prices. They took a course on how to invest in real estate and became millionaires overnight--with nothing down and no credit hassles from mortgage lenders. The course worked for them, and they say it will work for you, too.
If all this sounds too good to be true--it is! These "get-rich-quick" courses and schemes are being investigated by consumer fraud agencies around the country. This does not mean that you can't become a millionaire by investing in real estate. But investing in real estate requires one important thing from you--an investment of cash. You can't build an empire overnight, but you can do very well over the long term by selecting property in a good location that is priced well, and which can provide a reasonable cash flow.
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| Q |
What acclaimed house built of stone, concrete, and glass is built over a waterfall?
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| A |
Fallingwater in Mill Run, PA, built by architect Frank Lloyd Wright, is one of the most-visited homes in the U.S.
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 See More Real Estate Trivia > |
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Tami Rapaport's Team
Coldwell Banker Residential Brokerage
130 Dean Drive
Tenafly, NJ. 07670
Direct Line: 201-227-2045
Cell: 201–665-5558
201-567-7788 ext. 127
Fax: 201-567-3220
Email: Tami@TamiRapaport.com
Tami Rapaport, a President's Premier Agent with Coldwell Banker
(top 1% of the highest sales within the company internationally) has been
ranked #5 in 2009 out of 3,800 Coldwell Banker agents throughout the entire
state of New Jersey.... Tami is the only Realtor in Tenafly to achieve Eastern
Bergen Board’s Platinum Level Circle of Excellence Award 8 years in
a row (2002 – 2009) Additionally, Tami Rapaport has been named the Tenafly
office Salesperson of the Year for 2008.........an honor she has
received consistently for the past 9 years.
"Tami's level of
commitment is incomparable. The honors she continues to earn are a reflection
of her dedication. She knows the market, she listens to her clients and she
delivers as they have come to expect her to." Karen Murphy, Coldwell
Banker, Tenafly Manager
“To produce so impressively in a
changing and always competitive market is a testament to your ability in
business and your effectiveness at encouraging trust and enthusiasm among
customers. You are a credit to our profession, a prime resource for your
clients and a valued member of the NRT family. I thank you for your effort and
wish you all the best in future success.” Bruce Ziph, President and
CEO, NRT Inc.
“Thank You for following through on all the
details throughout the closing! We really appreciate your hard work in getting
this deal done!” David Kevorkian, Seller of a Tenafly
home
“Thank you for all your efficient services. I appreciate
you!” Ann Davis, Landlord of rental home in Haworth
Look for
weekly update of homes sold in different towns throughout Bergen County.
Join our mailing list and you we will sent you a free list of sold homes. Go to
www.SoldHomesReport.com    
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NUMBER1EXPERT®
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All rights reserved. All information deemed reliable but not guaranteed.
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