Short Form Application
Finding the best rates and terms to fit your needs starts here.
Fill out the form to the right and one of our mortgage loan experts
will be back to you shortly with the best rates!
Refinance & Pre Qualify For The Best Rates Below
Someone from CambridgeHomeLoan will be contacting you shortly. CambridgeHomeLoan.com will be with you every step of the way to help you with your financing needs.
What Is A Mortgage Pre-Qualification
Mortgage prequalification is an informal evaluation by a qualified mortgage professional of your creditworthiness and how much of a home you can afford to buy. Prequalification is an indication of whether you meet the minimum requirements for a home loan and how big that loan may be.
Prequalification is a very important step for those who are not sure if they’re financially ready for homeownership or if they would like to give their real estate professional more ammunition when shopping for a home.
If you’re confident in your finances or have already been pre-qualified, you might want to get pre-approved instead, which is a complete underwriting of your loan package in advance showing the homeowner that you are qualified and ready to make a purchase.
To calculate how much mortgage you’ll be able to prequalify for, we take into account your credit profile, annual income, and expected loan term and interest rate, as well as your monthly debt payments and potential home-related expenses.
What is a Mortgage Pre-Approval?
A mortgage pre-approval is a letter from a lender that indicates how much of a home loan you can be qualified for, this is more than a pre-qualification letter and is typically not necessary when first searching for a home. It is however a stronger indication to a home seller that you are ready and able to purchase a home at a specified price.
A mortgage pre-approval letter is issued after the lender has evaluated your financial history. This includes pulling your credit report and your FICO score. With a mortgage pre-approval letter, you can find a home that you can afford while at the same time showing the seller that you are a serious buyer making pricing negotiations easier.
A mortgage preapproval letter can put you ahead of other buyers that may be interested in the same home as you. Your offer will be taken more seriously than others.
The information for the underwriting of a pre-approval is the same as the documentation that you will be submitting for your loan. You can start your application here.
See How Much Of A Home
You Can Afford
Some of the most popular loan types
FHA Loans, VA Home Loans, USDA Home Loans, Zero Down Home Loans, Fix and Flip Loans, Jumbo Home Loans, Super Jumbo Home Loans, Home Loans for Foreign Nationals...Statement Only Loans, Business Statement Only Loans, Construction Loans, Commercial. A Home For All Needs!
Fill out the form to the right and a home loan expert will contact you to help!
Refinance and Mortgage Home Loan Expert Advice
Best Mortgage Rates & Real Estate Trends In Sarasota Florida Sarasota Florida is a city that sits south of Tampa on Florida’s Gulf Coast that
If you are looking to see if you qualify for VA Home Loan, you can submit your DD214 and COE here and we will send