The Importance of a Mortgage Pre-Qualification


You finally decided to become a homeowner, maybe you made the decision to upgrade your home to fit your growing family, start those much needed renovations, or even want to consolidate your debt into your mortgage. Whatever the reason behind your need for a mortgage, it is important that you are educated on the right steps to take.


Talk To A Professional

First and foremost, you want to talk to a personal mortgage advisor. Why? Because this will help make sure you are ready for that next step. By using The Clay Carroll Mortgage Team, we make sure to keep you fully informed throughout the process. During your first appointment, we will fill out an application to help discuss what you can afford in terms of a mortgage. This is to avoid any disappointment when the lenders approve you.


Talking to a professional is also important to help you better understand the process of rates. Rates move all day long, every business day. If it takes you one day to find a house or one year, your pre-approval amount can change as the rates change. Therefore, we will communicate weekly on rate movements while you are searching for your home.


The Advantage

Meeting with a professional allows you to know what you can afford upfront. It also gives you an advantage when you are negotiating with the seller, as they know you have done your homework and are serious. This step is most commonly missed. My advice? Stop looking at a mortgage as a negative and start looking at it as a positive. It is the vehicle that allows you to own your own home, and what a great feeling of accomplishment that is!


Why The Clay Carroll Mortgage Team?

With The Clay Carroll Mortgage Team, we believe that an educated home buyer is a happy homeowner. We pride ourselves on the education we provide to you throughout the loan process. Mike has made a constant commitment to exceed his clients expectations. While bringing a personalized approach to mortgage financing, Clay and his team continue to do just that.

Disclosure:  This is not a guarantee to extend consumer credit as defined by Section 1026.2 of Regulation Z. Programs, interest rates, terms and fees are subject to change without notice. All loans are subject to credit approval and property appraisal. First Home Mortgage Corporation NMLS ID #71603 ( ). Clay Carroll NMLS ID 513125 Licensed in VA. Equal Housing Lender.


NOT ACCEPTING NEW YORK APPLICATIONS. First Home Mortgage Corporation of America, First Home Mortgage Services, and First Home Mortgage Company of Maryland are d/b/a's of First Home Mortgage Corporation. First Home Mortgage Corporation is licensed in Connecticut, Delaware, District of Columbia, Florida, Georgia Residential Mortgage Licensee (Lic. #23135), Indiana, Kentucky, Maine, Maryland, Massachusetts Mortgage Lender and Broker (Lic. #MC71603), Michigan, New Hampshire, Licensed by the New Jersey Department of Banking and Insurance, North Carolina, Pennsylvania, Rhode Island Licensed Lender and Broker, South Carolina, Tennessee, Virginia, West Virginia. Equal Housing Lender. First Home Mortgage Corporation NMLS ID #71603 ( Privacy Policy.

Clay Carroll

Sr. Loan Officer

1 Park West Circle, Suite 106, Midlothian, VA 23114

NMLS# 513125