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New York Home Equity Loans NY State Interest Only Mortgage NYS
style="mso-bidi-font-weight: normal"> Are you pre-qualified or pre-approved for a loan?
Before you begin to shop for a new home, you should set up a time to meet with me so we can figure out how much you can afford. This will put you in a better position as a buyer. Thats when it is important to understand the distinction between being pre-qualified for a loan and pre-approved for a loan. The difference between the two terms will be crucial when you decide to make an offer on a house. OneBetter Mortgage Corp is FHA approved and gets 97% loan to value mortgages for 1-4 family homes in NY. These loans DO NOT reuire good credit and prior foreclosures or bankruptcies or other judgments or liens won't stop you from qualifying for a 1 family loan up to $729,750. The other 3% can come from family members, seller's concessions or charitable gifts. These special FHA loans are being offered in 2008 so you should not delay and apply today. OneBetter gets FHA approval ASAP. That's our goal as well as our toll free number:
Call OneBetter ASAP 888-FHA-ASAP
To get pre-qualified for a loan call today for a free consultation or apply on line on this web site. We use encryption software used by banks, Once you are pre-qaualified you can get the best values when you look for a home with a pre-qualification letter indicating the amount you are pre-qualified to borrow.
It is important to understand that a pre-qualification letter is just an estimate of what you are eligible to borrow, not a commitment to lend. Getting pre-approved for a loan gives you competitive advantage when the time comes to bid on a home because you have been approved for a loan for a specified amount.
To get pre-approved, you will complete a mortgage application and provide me with various information verifying your employment, assets and financial status such as W-2 forms, bank records and credit card statements. We review your mortgage options and submit your application to the lender that best meets your needs. Once the application process is complete you will receive a pre-approval letter indicating the amount your lender is willing to lend you for your home.
A pre-approval letter is not binding on the lender; it is subject to an appraisal of the home you wish to purchase and certain other conditions. If your financial situation changes (e.g. you lose your job), interest rates rise or a specified expiration date passes, your lender must review your situation and recalculate your mortgage amount accordingly.
OneBetter Mortgage Corp has a special license fto offer FHA loans issued by HUD. The Federal Government want's you to own your own home and we want to help you ASAP.
Call Us ASAP 888-FHA-ASAP
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