Tamure' is a licensed real
estate corporation in the state of Florida. Our representatives will help you find that right piece of
property here in Southwest Florida. Then help you compare the different
lenders and their costs. This is all done for you at no additional cost. We have
given you a brief description of what pre-qualifying and pre- approval can do for you. To
start you off here are a few things you will need for your loan application with most of
the lenders to the right.
1) Income Verification
Please Note: that this is an outline of what you may need and that some lenders and or Banks may require more information to suit their requirements.
1. Pre-Qualify Before You Buy
Before you begin searching for a new home, you need to determine how much you can afford. You may be able to afford more or less than you think depending on how much the lender is willing to loan you based on your income and downpayment. By getting pre-qualified before looking for a home, you'll save time, energy and frustration because pre-qualification:Determines how much home you can afford
Shows you what your downpayment will be.
Lets you know what your monthly payment will be.
Identifies the loan programs you qualify for.
2. Pre-Approved Mortgage Loan
Prior to making an offer on your new home, you may want to take the next step to get a pre-approval certificate from your lender. Once you're approved, buying your new home will be quicker and easier.
Avoid surprises on your credit report .
Lock in a mortgage rate.
Negotiate with the seller as a cash buyer.
HOW MUCH YOU CAN AFFORD is determined by a relatively simple formula. Lenders generally figure that no more than 28 percent of your income should go for total housing costs. In addition, they require that your total monthly debts be less than 33 percent of your income. For example, if you make $48,000 a year, divided by 12 months, your monthly income is $4,000. Twenty eight percent of $4,000 is $1,120. That is how much you can make in monthly mortgage, taxes and insurance payments.
Generally, to qualify, the self employed home buyer must have been self-employed in the same line of work for at least 24 months before applying for a loan. Lenders use your net income, the figure at the bottom of Schedule C of your federal income tax form, to decide how large a mortgage you can carry.
But they don't look at what you earn now or what you made last year, Rather, they figure the monthly average of your income over the past 24 months. DON'T FORGET that points, closing costs and other out-of-pocket expenses probably will come to 4 to 5 percent of the mortgage amount.
If you would like information on Real Estate, Schools, Hurricanes, County Jobs, Local Weather or up todate Local News of the area ( CLICK HERE ) to visit Tamure's home page. If you would like a more in-depth explanation of the services provided by Tamure' Corporation, please feel free to contact us anytime at the numbers listed below or E-Mail us at Sales@tamure.com. A representative of the company will be glad to talk with you about the services we provide.
(Tamure' Main Page) (Relocation form) (Local lenders and what you need for a loan application) (Building A Home) (Services) (Homes) (Condominiums) (Let us help build your dream home) (Tamure's Agents) (Referral Program) (Local Map) (Local Schools) (Lee County Jobs) (Up to Date Weather) (Past Hurricane Charts) (Local News From WBBH TV) (Rental Information) (Apartment Information)
FIFTH THIRD BANK
LEE-CO MORTGAGE INC.
RIVERSIDE BANK OF
THE GULF COAST
SOUTH TRUST BANK
WELLS FARGO HOME
If you would like information on real estate in Southwest Florida click on the below links
Search For A Home!
Find A Home
Lee County Map