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CALL ME TODAY        904-249-2299 We can show you any property on the market and a few others as well.  VIEW our Listings!  If we don't have what you are looking for use our MLS search pages for the home you want. Give us the opportunity to work for you. We cover Jacksonville, Jacksonville Beach, Ponte Vedra Beach, Neptune Beach, Atlantic Beach and the World Golf Village

 

 Pre-Qualify For a Real Estate Mortgage
Don't Go Shopping for a New Home Before You Know
Exactly How Much You Can Qualify For!

Knowing what you can afford is the first rule of home buying, and that depends on how much income and how much debt you have.

You might have an idea of the loan payment and mortgage you can afford. 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.

Ways to improve your "FICO" score

What's more, a pre-approved mortgage loan helps you negotiate with the seller from a position of strength, much the same as a cash buyer. And getting your mortgage loan pre-approved is easy. This program is available on all conventional fixed, adjustable rate, and balloon mortgages.

The Beaches Realty Group will be happy to calculate what you can afford and pre qualify you for a loan.

“Call Kathy for information on an exciting loan program offered by a Non Profit Organization; to qualify for a purchase: the Purchase Price/Mortgage amount cannot be any higher than $294,500, must be Owner Occupied, NO Down Payment, NO Closing Costs, NO Processing Fees, NO Credit Score or Low Credit Score, OK! 

If you qualify, they will refinance your primary residence, with the above criteria, as well!”

Beware of Automatic Approval Systems on the Internet

The hard fast rule of ratios the Internet Automatic Approval Systems use no longer apply as they did in the past. One needs to look at many compensating factors such as the amount of liquid assets, 401k funds, and any other type of cash 'reserve' monies. If someone makes $10,000 a month, for example, they could quite possibly have a back ratio of 75%, (all debt + new total house payments divided by gross income). To achieve that ratio one has to take into consideration whether their scores were high enough (over 720), whether their cash reserves are well over 6 months of salary and whether the amount of down payment is high enough to achieve a high back ratio.

These are all reasons to call a mortgage professional and not just fill out a pre-qualification form on the Internet.

Katherine Karr-Garcia's dual-licensed status, as a Realtor and a Mortgage Broker, is the catalyst which allows her to provide you with optimal loan options that will meet your needs.

The price you can afford to pay for a home will depend on six factors:

1. gross income
2. the amount of cash you have available for the down payment, settlement costs
and cash reserves required by the lender
3. your outstanding debts
4. your credit history
5. the type of mortgage you select
6. current interest rates

Another ratio lenders use to evaluate how much you can afford is the housing expense-to-income ratio. It is determined by calculating your projected monthly housing expense, which consists of the principal and interest payment on your new home loan, property taxes and hazard insurance (or PITI as it is known). If you have to pay monthly homeowners association dues and/or private mortgage insurance, this also will be added to your PITI.

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. Call The Beaches Realty Group TODAY to get started.

Remember: we will respect your privacy! We know this is your personal information, and we will not distribute it to anyone. This service is also provided free of charge, without any obligation on your part.

For more details or to arrange an appointment call The Beaches Realty Group TODAY at 904-249-2299. Let us help you get the money you need.

Finding a Loan That's Right for You

Finding the right loan doesn't have to be a difficult process. Call us today! We will ask you some basic questions about the kind of loan you are looking for, and what your requirements and goals are. Based on your information, we will find loan options that meet your needs and display them side by side for easy comparison.

This process only takes a couple of minutes while we help you find the loan choice that's most economical for you.

CONTACT US TODAY!

Featured Listing
Great home for sale Ponte Vedra Beach Fl
Click on photo...

3 Bed Rooms, 2 Baths, 1,816 Sq Ft

This house now qualifies for FHA,& FHA 203k. If Buyer qualifies it will help or pay for the missing appliances. Seller owned but he never lived in the property. The house is in overall good shape, it just needs some TLC. A GREAT beach house, screen porch, tile through out except bedrooms have carpet. Screen porch, Fireplace, awesome floor plan. 
Media room or separate play room, or what ever you want it to be.

"VIEW ALL OUR"  Listings


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Testimonials


"Thank you for all your time, help and patience in my search for a new home." – Gerty, Jacksonville Beach, FL

"Thanks is not the word that even comes close to experiencing our gratitude for all you have done. Thank you" – Mary J.M., Jacksonville, FL

"You are my HERO! Thank you so much for the effort you put forth regarding our 'fun' little situation. Tim and I are so happy in the house. Thanks again, we really enjoyed working with you all!"Nicola, Jacksonville Beach, FL

“My family can’t say enough for all you have done for us helping us save our house from foreclosure; you helped us understand the process, holding our hands and even going to court to interpret for us. We can never repay you for all you’ve done during this time of great stress turmoil.” – Senka, Jacksonville Beach, FL

“I recently went through a short sale, and Kathy made it easy for me. I did not know much about the short sale process, but Kathy’s efforts allowed me to understand and be comfortable. When I need to buy or sell a property, I am calling Kathy because she will get the job done and is extremely trustworthy.” Gary, Ponte Vedra Beach, FL

“Wow, you made the unbelievably complex process of being a first time home buyer easy! You were patient and caring, as you had to explain everything to us, not once, or even twice, but three times – ensuring we thoroughly understood the road to home ownership! The best part, was that you were there after the sale of the house, even during the whole five years of ownership. I know you will take care of us when it is time to sell this wonderful home.” - Scott, Westside, Jacksonville, FL

I cannot thank you enough for helping me buy my wonderful home. After months of searching the web and I dealt with many agents and you were the best prepared and most attentive: particularly when I e-mailed you at 1:30am, and you got back to me at 5:30am to say it was ok show the house that day! The house was perfect, I made the offer, and it was accepted all in THE SAME DAY! You were there through the whole process from inspection, WDO report, the repairs that needed to be done to satisfy FHA, the mortgage process and the closing. If I had known it was that easy I would have bought from you years ago, and will certainly buy my next one from you. Thank you times a million; John B., Southside, Jacksonville, FL

Kathy – Wow! Thank you, thank you and thank you! After having our house on the market with another Realtor for what seemed like forever, we met you. You listed our house, found a buyer, and helped us find our dream house. Not only are you a true professional, but you are a great friend – thanks for everything!” – Matthew, Atlantic Beach, FL

 

The Beaches Realty Group
2320 3rd Street South, Suite 11
Jacksonville Beach, Fl 32250
ph: 904-249-2299 - fx: 904-247-3229

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Jacksonville, Jacksonville Beach, Ponte Vedra Beach, Atlantic Beach, Neptune Beach, Orange Park, and Mandarin real estate and homes for sale in Florida - The Beaches Realty Group ~ Katherine Karr-Garcia ~ Broker / President