The Loan Process Step 1-How Much Can I Afford?

 

The first step in obtaining a loan is to determine how much money you can borrow.  In case of buying a home, you should determine how much home you can afford even before you begin looking. By answering a few simple questions, we will calculate your buying power, based on standard lender guidelines.

You may also elect to get pre-approved for a loan which requires verification of your income, credit, assets and liabilities.  It is recommended that you get pre-approved before you start looking for your new house so you: 

1. Look for properties within your range.
2. Be in a better position when negotiating with the seller (seller knows your loan is already approved).
3. Close your loan quicker

Park Place Collective

Joe Costa Broker/Owner

Marni Wolf VP of Operations

400 West Broadway, Suite 400

San Diego, CA 92101

619-990-7552

www.parkplacecollective.com