The purchase of a home is the largest, single purchase most people make during their lifetime. At Coastal Key, we want to make every buyer aware of the many
mortgage options available prior to their purchase and closing date. Lenders are regularly launching new products and programs, making it easier to get into a new home
sooner. Interest-only loans, self-employment programs, rental & vacation purchase programs plus a host of other innovative financing alternatives are being created to make
home ownership a reality. If you have excellent credit, Coastal Key has access to the very best products and rates available. Alternatively, if you have less than perfect
credit, we also have flexible alternative financing to help you get into the housing market.
A pre-approval is a mortgage amount held for a client at a specific rate for typically 90-120 days. There is however a difference between a rate hold and a firm pre-approval. A rate hold is very important during times of increasing rates, it is only holding a rate, rather than fully pre-approving the client and their required documents.
Once you are pre-approved, the only thing left to approve is the property. We strongly encourage our clients to get pre-approved because it is imperative that you understand your maximum mortgage amount and the corresponding monthly payment. The amount you will be pre-approved for will depend on your credit score, income and down payment. To find out what you can qualify for, please give us a call or send us an email at firstname.lastname@example.org.