Zion Mortgage is committed to helping you get their personal and commercial mortgage solutions hassle free. We pride ourselves in our attentive, responsive, and 1-on-1 service. *Appraisals are not transferable and appraisal fees are non-refundable*
Our first batch of donations to Houston Firefighters Association.
Our first batch of donations to Houston Police Officer Union.
It was a pleasure to meet Houston's mayor Mr. Sylvester Turner.
Shopping for your first home is an exciting time. It should be a fun learning experience for everyone. But serious home buyers should start their journey in a lender’s office, not at an open house. The reality is that having a preapproval letter from a lender is almost expected. Sellers want to know that you’re a serious buyer and not wasting their time. The process of buying a house is long enough, even when things go well from start to finish. Sellers are more willing to negotiate with a buyer when they know they can actually purchase the home. The team at Zion Mortgage can help you secure that preapproval letter. We are a licensed mortgage broker that knows the process inside and out.
Pre-Qualification vs. Pre-Approval
There’s an important difference between these two terms. A pre-qualification is a good tool to estimate how much someone can afford to spend on a home. A pre-approval is more valuable because it means a lender has checked your finances and says they will lend you X amount of dollars to buy a home. The lender has checked the buyer’s credit history and verified documentation and said they will lend them money.
What a Lender Needs
Every lender will do a detailed check on your financial history. To do that, they will need several things from you. Proof of income, proof of assets, credit score, employment verification, and other documentation like a driver’s license and social security number. Lenders ask for all of this information to protect themselves. They are lending a large amount of money, and they want to know that they are making a good decision. Checking credit history gives the lender a snapshot of how a borrower pays back their bills. Have they defaulted on a loan? Do they pay late? All of this is designed to reduce the amount of risk associated with lending you money. Contact Zion Mortgage today for a pre-approval letter or refinance and find out why we are the best mortgage broker.
We are here to help, let Zion Mortgage help you find your mortgage solutions today! If you have made a large purchase recently and are looking to refinance with no hidden fees, contact us today!