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All agents are NOT alike! Find out why I am a top real estate expert. Call me: 973-694-0300.

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Pre-Qualify For Your Mortgage
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. 

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

Remember: I will respect your privacy! I know this is your personal information, and I will not distribute it to anyone, other than to my preferred mortgage broker. This service is also provided free of charge, without any obligation on your part. It is part of my job as a top Wayne, North Haledon and Hawthorne real estate agent to offer services such as these. 

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

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

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Real Estate Tips
Financing Your Home >Who Pays the Points

When home buyers shop for financing, they must consider two important factors--the interest rate and the points. Each point is equal to one percent of the mortgage amount. If you are selling a home, the buyers may ask you to share the points with them.

The buyer usually pays the points. But if the offer is attractive and will give you the amount you want, paying one or more points might be a good idea. When a contract is presented, your real estate agent will go over the price and terms to help you calculate the net price you will receive. If the offer isn't strong enough or has risky contingencies, you might make a counter offer to increase your profit on the sale by eliminating the points from your selling costs or by increasing the price to help you absorb additional costs you will pay.

In some cases, buyers with limited cash may need some assistance from the sellers to make the transaction work. Your real estate agent will help you look at the total picture and the buyer's overall qualifications, so that you can make a decision based on the bottom line.

See All Tips In The "Financing Your Home" Category >
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Real Estate Trivia
Q 
What was the world's highest viewing platform before the opening of the Empire State Building in 1939?

A 
The Eiffel Tower, built between 1887-1889, was for 42 years the highest viewing platform in a man-made structure.
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Joe Simone, REALTOR®, real estate agent and broker for Wayne, North Haledon and Hawthorne, New Jersey home listings, property and land for sale - NUMBER1EXPERT(tm)

Joe Simone
Preakness Realty

970 Valley Rd
Wayne, NJ. 07470
Phone: 973-694-0300
Cell: 973-941-6000
Email: josephsimone@NUMBER1EXPERT.com

Joe Simone is #1 in Sales Volume in Passaic County for 2005 & 2006

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