{"id":2061,"date":"2021-05-24T13:21:55","date_gmt":"2021-05-24T13:21:55","guid":{"rendered":"https:\/\/flareglobal.com\/clearwater-real-estate\/?p=2061"},"modified":"2021-05-24T13:21:56","modified_gmt":"2021-05-24T13:21:56","slug":"pre-qualify-for-a-florida-real-estate-mortgage","status":"publish","type":"post","link":"https:\/\/flareglobal.com\/clearwater-real-estate\/pre-qualify-for-a-florida-real-estate-mortgage\/","title":{"rendered":"Pre-Qualify for a Florida Real Estate Mortgage"},"content":{"rendered":"
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\n\t\t\t\t\t\tLooking for a Florida Real Estate Mortgage? Get Pre-Qualified!\t\t\t\t\t\t<\/h2>\n\t\t\t\t\t\t\t\t\t\t\t
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\n\t\t\t\t\t\tDon't Go Shopping for a New Home Before You Know Exactly How Much You Can Qualify For!\t\t\t\t\t\t<\/h3>\n\t\t\t\t\t\t<\/div>\n<\/div><\/div><\/div><\/div>
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Knowing what you can afford is the first rule of home buying, and that depends on how much income and how much debt you have.<\/p>\n

You might have an idea of the loan payment and mortgage you can afford. 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.<\/p>\n

What's more, a pre-approved mortgage loan helps you negotiate with the seller from a position of strength, much the same as a cash buyer. And getting your mortgage loan pre-approved is easy. This program is available on all conventional fixed, adjustable rate, and balloon mortgages.<\/p>\n

The Flare Global Group will be happy to calculate what you can afford and pre-qualify you for a loan.<\/strong> Call\u00a0(727) 639-3786 <\/strong>today.<\/p>\n

Beware of Automatic Approval Systems on the Internet<\/strong><\/p>\n

The hard-fast rule of ratios the Internet Automatic Approval Systems use no longer apply as they did in the past. One needs to look at many compensating factors such as the amount of liquid assets, 401k funds, and any other type of cash 'reserve' monies. If someone makes $10,000 a month, for example, they could quite possibly have a back ratio of 75%, (all debt + new total house payments divided by gross income). To achieve that ratio, one has to take into consideration whether their scores were high enough (over 720), whether their cash reserves are well over 6 months of salary and whether the amount of down payment is high enough to achieve a high back ratio.<\/p>\n

These are all reasons to call a professional and not just fill out a pre-qualification form on the Internet.<\/p>\n

Let Flare Global provide you with optimal loan options that will meet your needs.<\/p>\n

The price you can afford to pay for a home will depend on six factors:<\/strong><\/p>\n