Sherwood, Newberg, and Dundee real estate and homes for sale in Oregon - Jim and Mikki Snell, REALTOR® REALTOR® Logo - NUMBER1EXPERT NUMBER1EXPERT™ Logo
Welcome to Jim and Mikki Snell's Sherwood, Newberg, and Dundee Real Estate Website Welcome to Jim and Mikki Snell's Sherwood, Newberg, and Dundee Real Estate Website




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Mortgage Prequalification


Welcome > For Buyers > Mortgage Prequalification ...

Don't Go Shopping for a New Home Before You Know Exactly How Much You Can Spend! 

You might have an idea of the loan payment and mortgage you can afford. But will the bank feel otherwise? It's always best to pre-qualify for a mortgage so you know exactly how much a financial institution would be willing to lend you. 

In the pre-qualification process, you will find out: 

- Exactly how much home or land you can afford. 

- How much cash you will need for the down payment. 

- The minimum down payment, and advantages of higher down payments. 

- What the bank feels you can afford for a monthly payment. 

We help buyers pre-qualify for mortgages every day. Simply fill out the form below to get started. 

Remember: we will respect your privacy! We know this is your personal information, and we will not distribute it to anyone, other than to our preferred mortgage broker. This service is also provided free of charge, without any obligation on your part. It is part of our job as top Sherwood, Newberg, and Dundee Realtors to offer services such as these. 

Once you fill out the form, we will quickly process your information and get right back to you! 

We can help you pre-qualify for your mortgage. It's our job! This is free and without obligation... 

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Real Estate Tips
Making An Offer >Keeping Your Earnest Money Safe

When you make an offer on a house, it is accompanied by an earnest money check. Earnest money is intended to demonstrate that you are "in earnest" about purchasing the property. The earnest money check is made out to the listing company. What happens to this check?

The party holding the check acts as an escrow agent until you go into closing. At that time you will receive credit for the amount of your check against the down payment and closing costs. Real estate brokers are required by law to keep escrow funds in a special account. These funds cannot be used to pay any other expenses associated with the sale. If you don't complete the transaction, the purchase contract determines the disposition of your earnest money funds. Be sure to review this part of your contract with the real estate agent.

If you are in default on your agreement, the funds may go to the sellers, so be sure that you understand the deadlines in order to avoid breach of contract and forfeiture of your deposit. If you have any questions, be sure to ask your real estate agent for advice.

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Real Estate Trivia
Q 
What document must lenders provide within three days of receiving your application for financing?

A 
The "Truth In Lending Disclosure Statement" will give you complete financial information about the loan.
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Jim and Mikki Snell, REALTOR®, real estate agent and broker for Sherwood, Newberg, and Dundee, Oregon home listings, property and land for sale - NUMBER1EXPERT

Jim and Mikki Snell, GRI
Prudential Northwest Properties

2318 Portland Rd., Suite 100
Newberg, OR 97132
Jim Direct: 503-351-5918
Mikki Direct: 503-381-5695
Fax: 503-520-2451
Email: portlandruralhomes@number1expert.com
Email: mikki@jimsnell.com

As two of America's NUMBER1EXPERTS™ in the Sherwood, Newberg, and Dundee area Jim and Mikki are well equipped to guide you through all your real estate needs. Call or email them today!

GRI ABR SRES


    

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