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My First Home

The time has come! You're on the road to credit recovery and homeownership is in your sights. The next question, "Do you know how much house you can afford"? Book a consultation today so you can come to the table knowing exactly what your home purchasing power will be. Make your first home a reality.


What Is A Mortgage Pre-approval?

Pre-approval determines how much money you can borrow to buy a home. To pre-approve you, lenders will look at your income, assets and credit scores to determine what loans you could be approved for, how much you can borrow and what your interest rate may be. A pre-approval also requires a hard credit check so your lender can get your credit scores and see how much other debt you have.

What Is A Prequalification?

A prequalification is like a pre-approval but you won’t have to provide as much information about your finances (like bank statements and pay stubs) during this stage and your lender won’t pull your credit. Without your credit report, your lender can only give you estimates. This means the approval amount, loan program and interest rate might change once your lender gets more information. 


What Will This Consultation Do For You?

Money Matters Management will assess your income, deb-to-income ratio (DTI), and credit scores to show you exactly what your purchasing power is. No need to wait for the lender to tell you what you need. Also included in this consultation is a home buyer analysis for you to keep. It will break down your current DTI, monthly expenses with your new mortgage (including taxes and interest rate), and your goal purchase price. Book your consultation today to find out your purchasing power!



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