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Contact Guita!
G.A.M Realty
CALDRE #00940805 | NMLS # 343225
G.A.M Intl. Inc.
NMLS #1208592
Cell: (949)892-8094
Tel: (949) 823-1805
Email: Guitaamiri@yahoo.com
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No matter what your goals are, we’ll help you find the home loan solution that best fits your needs.
Here are a few of our popular loan options
Pre-qualified vs. Pre-approved. What’s the difference?
Before jumping headfirst into the housing market, a prospective homebuyer will have a general idea of where they want to live, how they want to live and how much home they can afford. And when you start to shop around for a lender and look at mortgage options, you’ll begin to hear the terms pre-approval and pre-qualification.
They sound interchangeable, but they have different meanings when it comes to the home buying process. Here’s what you need to know about the differences between getting pre-qualified and getting pre-approved.
What is pre-qualification?
A pre-qualification is a best guess of what you can most likely afford. Why is it just a guess? Because it’s based on what you verbally tell your lender about your income, and even if you are 100% truthful, it doesn’t show the full picture.
Think of a mortgage pre-qual as a nice ballpark number to have if you’re just casually shopping. Just don’t consider it as a guaranteed amount that you’ll eventually be approved for.
What is pre-approval?
A pre-approval is the real deal as it’s the result of a thorough examination of your credit history and the actual financial documentation you provide. The mortgage pre-approval is an underwritten estimate of how much home you can afford and how much debt you can take on.
Pre-approvals are way stronger than pre-qualifications. And once the lender has determined how much they’re willing to loan you, you’ll receive a pre-approval letter indicating the amount. Real estate agents and sellers both prefer working with pre-approved buyers because it shows that you’re committed to buying a home and that you have the backing to make good on any offer you put down (within the pre-approved amount). Not only does a pre-approval save you time, but it’s also a great bargaining chip when you’re buying in a competitive market.
CONVENTIONAL LOAN
Your clients can buy a home with as little as 3% down and get a secure fixed rate and a consistent monthly mortgage payment.
FHA LOAN
With easier qualifications, lower credit requirements and as little as 3.5% down required, this is our most flexible loan option
HIGH BALANCE
Great for “high cost” counties where median values for single-unit homes typically exceed the conforming loan limit $484,340 (lower 48) and $679,650 (Alaska and Hawaii).
JUMBO LOAN
ARM and 15- and 30-year fixed-rate options with low rates are available if your client needs a mortgage between $484,341 and $3 million.
Testimonials
We want to thank you for the excellent service that we received from G.A.M International/G.A.M Realty in the recent refinancing of our home. Guita made the process enjoyable and more importantly, a hassle-free experience. She went above and beyond our expectations and was an absolute pleasure to work with. Her personal service and touches are beyond compare. We will confidently recommend to everyone we know buying selling and financing a home. Thank you so much again for the professional service.
After working with Guita to purchase our house several years ago, we chose her again to assist us in our refinance this year. She gave great advice and made the whole process extremely easy to complete. Her wisdom and her genuine care and concern have been helpful in fulfilling all of our needs.
Guita Amiri /G.A. M International/G.A.M Realty has been helping us with our Real Estate for the past years. We started working with her because of their previous experience. She has given us great advice regarding data information and comparison in the area. Her wisdom and her genuine care and concern have been helpful in fulfilling all of our Real Estate and financial needs.
Super happy to have worked with Guita on our recent refi. Despite some blunders along the way, all ours, she just hung in there steady and true and saw the thing through to the end without complaint. She was very steadfast and patient and really did us some favors to make sure we got the rate lock that we were hoping for. I can’t say enough kind things about her, she’s a wonderful woman and someone I’m very happy to have worked with. Highly recommend Guita Amari for your home lending needs.
A Real Estate Broker You Can Trust