Gwinnett County, Dekalb County and Fulton County real estate and homes for sale in Georgia - Kay Kim's Team, REALTORS® Kay Kim's Team REALTORS(r) for Gwinnett County, Dekalb County and Fulton County, Georgia real estate - NUMBER1EXPERTS™ Kay Kim's Team NUMBER1EXPERTS(tm) for Gwinnett County, Dekalb County and Fulton County, Georgia real estate
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Mortgage Prequalification: Gwinnett County, Dekalb County and Fulton County Georgia home buying, real estate listings, and homes for sale in Gwinnett County, GA
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. 

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

Remember: we will respect your privacy! We know this is your personal information, and we will not distribute it to anyone, other than to our preferred mortgage broker. This service is also provided free of charge, without any obligation on your part. It is part of our job as top Gwinnett County, Dekalb County and Fulton County REALTORSŪ to offer services such as these. 

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

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

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Real Estate Tips
Financing Your Home >Mortgage Terms

New mortgage loan products offer a more complex selection of terms. Lenders now offer mortgages that are blends of short-term ARMs and 30-year fixed-rate loans with a lower fixed-rate of interest for a period of five, seven or ten years. Be sure that you understand what happens at the end of the initial term before you sign on the dotted line for such a loan.

Many of these loans revert to a 1-year adjustable rate loan at the end of the initial term and can be adjusted once a year based on an index tied to the cost of money. You should know how much over the index your rate will be set and the limit or cap on how much your payments can increase. A "balloon" note requires the entire balance to be paid to the lender after the initial period of the loan ends. Most of these loans require the lender to guarantee to refinance the note at that point if payments have been timely. The lender should spell out how the re-finance rate will be determined and what costs will be involved. These loans can help you buy a more expensive house than you could afford with a 30-year fixed rate mortgage, but be sure that you understand the terms and the potential risks.

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Kay Kim's Team, REALTORŪ, real estate agents and broker for Gwinnett County, Dekalb County and Fulton County Georgia home listings, property and land for sale - NUMBER1EXPERT(tm)

Kay Kim's Team
Kay Kim Realty

4640 Jimmy Carter Boulevard
Norcross, GA. 30093
Phone: 770-414-4044
Email: kaykimteam@gmail.com

The Kay Kim Team can help you with all your real estate needs! We handle Home Sales, Foreclosures, Short Sales and Rentals. Call us to sell your home, buy your next dream home, or buy your next investment property!

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RE/MAX Northeast real estate and homes for sale in Gwinnett County, Dekalb County and Fulton County Georgia

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