Get Pre-Approved, Not Just Pre-Qualified!

Why not take the next step and get pre-qualified and pre-approved for a home mortgage loan?

Do you know your housing budget before you start looking for a home? You'll also have more negotiating leverage because the seller knows you've got a loan virtually in your pocket.

Pre-qualification
Pre-qualification acts as a dry run of the loan application process. We review your credit history and use the details that you provide about your income and assets. We'll discuss various loan programs and then give you an estimate of how much house and mortgage you can afford. The whole process  takes only a few minutes.

While a "pre-qual" is non-binding to the lender (because the information you provide has not been verified), it does serve as a good indication to potential sellers of your general creditworthiness.

Pre-approval
Pre-approval takes pre-qualification one step further. You supply documents regarding your income and assets or with your written permission, we may contact your employer, bank and others to verify your income and assets. Upon completing our review and analysis,  you and your Realtor are sent a "Good As Gold" certificate stating that your mortgage is approved for a certain amount within a certain timeframe. You may be charged a small fee to cover the cost of your credit reports and your application. Fees are credited at closing.

Gain the buying edge
The advantages of pre-qualification and pre-approval are two-fold: you're more attractive to sellers, who needn't worry that they'll accept your offer only to have your loan turned down, and you'll save time to closing when you find a home because Continental will have already completed the necessary qualifying and underwriting steps.

Important note: Should your financial circumstances change before closing, make sure to contact your underwriter or myself, as your pre-qualification or pre-approval status may no longer be valid.

Chris has more than 20 years in the residential mortgage industry; is a licensed NYS Real Estate Broker; has a masters degree in industrial engineering;  and can also assist you with commercial and construction financing. 

Chris L. Christie    

Credit Specialist and Mortgage Planner

Please  Call  Now

Toll free       800-540-8838, ext 194

in Melville   631-549-8188, ext 194

in Newburgh              845-567-9030

and Cell Phone         516-993-4998