Getting Pre-Qualified to Buy a Home - The Jamil Brothers
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Getting Pre-Qualified to Buy a Home

March 4, 2016

The first thing that you always want to do as a part of the buying process is to get pre-qualified for a loan. I have a great lender that I recommend and have successfully closed transactions with in the past.

  1. Stearns Home Loans
    David Sacknoff – 571.732.3478 – dsacknoff@stearns.com

You are always able to get pre-qualified or get a mortgage with your own lender. I trust these lenders and work with them on a daily basis. They will take the best care of you, provide great rates and service. The 2 things that you want to get out of being pre-qualified are what type of down payment or cash to close am I going to need? And how much will my monthly mortgage be? The lender can give you a good faith estimate that gives you the confidence to know that you are pre-qualified and what it will cost you at different price points. As a general guide once you get a good faith estimate every 10,000 up or down in sales price will change your monthly mortgage by roughly $50 a month. You may not want to spend what you qualify for so find a price point that is comfortable for you and your budget. Once you know your purchasing power, then we can go out for house hunting! The fun part!

About the Author

jamil brothers
Saad Jamil

As a web developer, former chief marketing officer, and former CEO of SJ Solutions, Saad is experienced in project management, marketing and branding, SEO, and strategic consulting. He is confident that his keen consulting skills and entrepreneurial spirit will get you the best price possible when buying or selling your home. While a chief marketing officer for a start-up fuel/technology company, Saad negotiated large fuel sale contracts with due diligence. This translates into his ability to fight for your best interests. He works with speed and vigor. You can be sure that Saad will work around the clock until the job is complete. Saad owes his knowledge of the real estate industry to a great mentor- his father. His passion for real estate is infectious, and he is always excited to put the lessons he has learned from his father into practice. One of the most valuable lessons his father taught him was how to get the best value for your dollar, even in a seller’s market. Not a single opportunity will be missed while you have Saad in your corner. Your happiness and well-being are what drive Saad to have your needs met. Customer service is a top priority. You can be sure that while working with Saad, you will receive honest and open communication throughout the entire process. Honesty, integrity and efficiency, are what you can expect when you choose Saad as your real estate agent. So whatever your real estate needs, please do not hesitate to contact Saad Jamil.