Interest Rates 4.5%

Derek BeisnerCertified Mortgage PlannerPremier Lending GroupPhone: 949-637-9939Fax: 949-380-1819derekb@plgp.comwww.DerekBeisner.com

The Difference Between Pre-Qualification and Pre-Approval
Pre-qualification is the first step in obtaining mortgage financing. A potential borrower answers a few questions to provide the loan consultant with a quick snapshot of the borrower's income, existing debt, accumulated savings and whether or not there is a co-borrower. Signature(s) allow the loan consultant to run a credit report and begin to determine what loans are good candidates for this particular client. However, there are literally thousands of loan programs available. It is important for the loan professional to know the long-term financial objectives of the prospective homeowner.Pre-approval is a written documentation that proves the borrower has full support of a lender. It means the form 1003 Uniform Residential Loan Application has been completed and reviewed by an underwriter. Based on the borrower's income, debt ratio and savings, the underwriter will provide a dollar amount this borrower is eligible for. Now the borrower has the convenience of shopping for a home in the price range agreed upon by the lender.Pre-approval allows potential homeowners to shop as cash buyers, and that means negotiating power. The seller will take an offer from a pre-approved shopper much more seriously and may even accept a lower bid because they know the financing is in place and the deal is secure.
Mortgage Interest Rates*
Rates as of Friday, april 3rd, 2009:

30 yr fixed
4.5%
15 year fixed
4.375%
40 year fixed
6.25

*Rates are subject to change due to market fluctuations and borrower's eligibility.
Does your current lender give you their interest rates or do this, I have referred out 8 of my own clients so far this year to realtors I work with! I can also help you with growing your business! I have proven systems in place like my 800 # call capture , open house marketing with my custom finanacing fliers to impress your sellers and get more buyers learn how today! Lets do lunch!
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