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Team Gnas, REALTORŪ, real estate agents and broker for Lexington, Georgetown and Nicholasville Kentucky home listings, property and land for sale - NUMBER1EXPERT(tm)
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Mortgage Prequalification: Lexington, Georgetown and Nicholasville Kentucky home buying, real estate listings, and homes for sale in  County, KY
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 Lexington, Georgetown and Nicholasville real estate agents 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
Disclosure Laws >Avoiding Delays During Escrow

Unforeseen problems can arise during escrow, and closing dates are never set in stone! Lenders, appraisers, title attorneys, credit check services, or anyone who is involved in the transaction could potentially delay a closing. Stay in close touch with your real estate agent, who will notify you of deadlines and help you deal with delays.

Well-written sales contracts are the key to avoiding problems during escrow. For example, provisions can be included in the agreement that require the buyer to provide evidence of sufficient funds for down payment and closing costs, or to present proof of the ability to obtain homeowner's insurance. Because of new restrictions on insurance policies, the mortgage lender may require insurance before funding the loan.

There is also a section in the sales contract wherein the seller makes a warranty to the buyer of the condition of the property. It is important to make sure that this clause is modified to reflect the seller's transfer disclosure statement. If this is not done, the seller could be required to repair items that are found to be dysfunctional or faulty, and this could add time to the escrow period.

See All Tips In The "Disclosure Laws" Category >
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Real Estate Trivia
Q 
What is a "jumbo mortgage"?

A 
The term "jumbo mortgage" currently refers to a mortgage loan in excess of $359,650, although the threshold amount may change as the market fluctuates.
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Team Gnas, REALTORŪ, real estate agents and broker for Lexington, Georgetown and Nicholasville Kentucky home listings, property and land for sale - NUMBER1EXPERT(tm)

Maria Gnas
Keller Williams Bluegrass Realty

2424 Harrodsburg Rd
Suite 101
Lexington, KY 40503
Office: 859-519-3137
Cell: 859-229-2295
Fax: 859-293-8717
Maria Gnas: Maria@TeamGnas.com

Maria Gnas and Team Gnas at Keller Williams Bluegrass Realty are passionate about surpassing all expectations, rising above industry standards to stay at the top of your list and first on your mind when you need Real Estate experts!

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