Knowing how much of a house you can afford and the different loan options available will make you a more competitive buyer in a busy housing market.
 

Pre-Qualification Today = Less Stress and Surprises During Home Buying Experience

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Let’s face it. One of the most stressful things about buying a home is adjusting to your new mortgage payment. Knowing your family’s financial boundaries before shopping for your new home can make the process go much more smoothly.

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Your pre-qualification is an essential tool when house shopping, because it:

• Determines what homes are in your price range

• Assures real estate brokers and sellers that you are a qualified buyer

• Can be used to your advantage in future negotiations

• Our automated system allows your realtor to generate pre-approval letters on demand.

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One of our experienced loan experts can complete your pre-qualification for you over the phone. Call 866-742-7283 (RATE) today.

Yes! Titan Lending has partnered with some of the best down payment assistance programs along with lower down payment options.  Some loan options are as little as ZERO down to get into your dream home!

These products are designed to help borrowers overcome the two primary barriers to homeownership – lack of down payment funds and qualifying income. These programs have lower down payment, cash reserve, and income requirements than traditional conventional mortgages. Call one of our expert loan experts to see which program is best suited to your needs at 866-742-7283 (RATE).

The first step is taking a look at the loan application www.titanlending.com to determine the proper program for your needs as each individual situation varies. 

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Some of the factors are:

• How much do you have for a down payment?

• How long do you plan on staying in the home before selling?

• Are you willing to pay points upfront for a lower interest rate?

• Do you expect your annual income to increase in the near future or will it stay the same throughout your career?

• Are you self-employed?

• How is your credit history?

• Is this a primary, second, or investment property?

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We offer a great variety of mortgage programs so you can be sure to find the program that best suits your needs. As always, our friendly loan experts are available to assess your current situation and guide you toward the product that’s right for you at 866-742-7283 (RATE).

There are “4 C’s” of loan approval.

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Capacity – Can you repay the debt? We will ask for employment information including your previous occupations, how long you have worked and how much you earn. Essentially we’re verifying that your current job situation and income levels are stable.

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Credit History – Will you repay the debt? We’ll look at your past credit history to see how much you owe, how often you borrow, whether you pay bills on time, and whether you have a history of living within your means.

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Capital – Do you have enough cash to meet the down payment requirements associated with your pending mortgage, closing costs, taxes, and insurance? Do you need a gift from a relative? Will you have sufficient reserves left after your home purchase or will you use your last penny on purchasing your home?

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Collateral – Will we be fully protected if you fail to repay the loan? We must be sure the property you are buying is sufficient to back up the loan with an appraisal performed shortly after you go under contract.

PMI or Private Mortgage Insurance is provided by a private company to protect the mortgage lender against losses incurred if a loan defaults. It can make a big difference in your debt-to-income ratio when you include the PMI payment every month. Most products require PMI if the loan amount exceeds 80% of the home’s value. Ask your trusted loan expert about options that do not require PMI to get the right product for you at 1–817–290–3464