Mortgage Presentation

Buying or Selling Florida real estate in 2014?  Don't miss this important presentation being held on February 4 at the Delray Beach Chamber of Commerce.

Pre-approved!!

What is pre-approval?
 It is a written commitment from the lender (The Mortgage Firm) stating that the borrower (you) qualify for a particular loan amount based on your credit information and income.

Why?
There are many reasons to get pre-approved. The most important reason for accurate idea of how much you can afford. This will ensure that you only look at houses that are truly in your price range. A pre-approval letter is essential in a competitive real estate market. If you make an offer on a house without a pre-approval the seller will not take your offer as seriously as someone who has been pre-approved. This means you could lose out on your dream house.

**Most bank owned homes will require a pre-approval letter 
from the lender before accepting the offer**

How do you get pre-approved?

First contact your lender (me) 

You will need to provide:

• W2 from the past two years
• Your pay stubs for the past 2 months
• Your tax returns for the past 2 years
• Your checking and savings account statements for the past two months
• Your statements for all other assets for the last two month
• Current mortgage statement or contact information for current landlord
• If you are self-employed: you will also nee your business tax returns for the past two years as well as your year-to-date profit and loss statement with a balance sheet
• As your lender I will also need to pull a current credit report for you and the co-borrower.
• If you are divorces, separated, or paying child support or alimony- documentation will be needed

We will analyze your credit report for any red flags, the credit score will affect your ability to qualify for a loan, as well as the rate your can get. A score above 720 will get the most favorable rates. 

What happens if you are denied?

This just means that you have some work to do. Three most common ways:

1. Correct the errors that may have been discovered in your credit report
2. Decrease the debt and improve your debt to income ratio
3. Increase your down payment amount in order to qualify for the price of the home you want

What NOT to do after you have been pre-approved

• Do Not apply for a new credit card
• Do Not make any major purchases
• Do Not pay off all debt
• Do Not co-sign any loans
• Do Not change jobs
• Do Not ignore your lenders requests
• DO keep a paper trail of all deposits
• DO stay current on existing accounts
• Do Discuss seller 

For more information specific to your situation is available, just a phone call away! 

Join Me!

I'm happy to announce a presentation focused to help professionals in the real estate industry brought to you by Digital Docs and Forever Marketing, Smart Title and Settlement Service, Inc., and The Mortgage Firm.  This cutting edge hyper-focused event is being put on to showcase the next generation of real estate closing and post closing marketing. The union of these three companies works out in every Realtor’s favor because of the unique benefits each company provides.

·         Digital Closing Docs with Forever Marketing - Created by real estate professionals, for real estate professionals. Digital Closing Docs with Forever Marketing provides you with automatic effective contact with past clients and repeat business—just by closing with Smart Title & Settlement Service Inc.

·         Smart Title and Settlement Service Inc. - Title orders have a 24 to 48 hour turnaround time. Providing nationwide coverage requires them to adhere to the individual state guidelines therefore each state has a different time schedule. Smart Title and Settlement Services Inc. has a network of notary closers and attorneys available day, night, & weekends. They close and disburse accurately and timely.

·         The Mortgage Firm - Suzanne Morton - The Mortgage Firm takes great pride in the ability to offer the most complete selection of financial options available. They are a full service mortgage banker with an experienced, knowledgeable staff who will work closely with you offering you both guidance and support in recommending mortgage solutions that meet your financial situation.

The skill and experience these professionals bring to any real estate transaction will help you close deals and provide repeat business down the road. Please join us for the presentation on April 17^th, 2013 at Slainte Irish Pub in Boynton Beach, Florida at 9:30 am for the presentation.

 

Wishing everyone a wonderful & safe Holiday Season and a Happy New Year! 

A Little Bit About Suzanne Morton of The Mortgage Firm

 

 

I believe in making ethical common-sense loans that benefit the customer, our real estate partners and our company.  I am here to select the best possible loan program for you and will guide you throughout the loan process.

 Being a mortgage originator is about building relationships, not just conducting a transaction.  My clients over the past 22 years have relied on my accountability and my ability to work effectively in obtaining the financing they desire either for a new home purchase, refinance or investment property.

I am proud to be a part of The Mortgage Firm which has been providing quality real estate financing since in 1995.  I enjoy being a part of a team where our sole focus is providing you the best experience possible and delivering your loan on-time with no surprises. 

I am also active in the Delray Beach Chamber of Commerce, the South Florida Chamber of Commerce, Coastal Conservation Association and The Florida Cattlemen’s Association.

I am always available to my current and future clients and real estate partners through the following contacts:

 Delray Beach office:  DelrayBeachMortgages@gmail.com

1045 E. Atlantic Ave., Ste. 307, Delray Beach, FL  33483   Phone:  561-865-5475

 Boynton Beach office:  yourbestmortgagechoice@gmail.com

240 S. E. 23 Ave., Boynton Beach, FL  33435                        Phone: 561-336-3258

 

Cell Phone:  561-389-5102