Financing

Why Get Pre-Qualified?

1. Pre-qualification acts as a dry run of the loan application process. The mortgage lender will use details you provide about your credit, income, assets and debts to arrive at an estimate of how much mortgage you can afford. The whole process may take only minutes or a few hours at most, and is free.

2. 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.

3. These days most sellers will NOT accept an offer without at least a pre-approval letter, so if you are serious about buying this is the first step towards getting you in your new home.

Generally a good place to start with your home search is to determine your price range. It can be simple to calculate your debt-to-income ratio. This is the percentage of your monthly gross income that goes toward paying your debts including your mortgage. Each lender may require a different DTI to qualify for a loan.
 

Apply Now: https://goo.gl/A5MH68
 

Chris Wharton with First Ohio Home Finance will be happy to help you figure out your price range or answer any questions. Feel free to find his information below:

Chris Wharton
614-865-4831 (w)
614-638-9531 (c)
Cwharton@firstohiohome.com