LOAN PRE-QUALIFICATION VS. PRE-APPROVAL & QUESTIONS FOR LENDER / PRE-CUALIFICACION DE PRESTAMO VS. PRE-APROBACION Y PREGUNTAS PARA PRESTAMISTA.

LOAN PRE-QUALIFICATION VS. PRE-APPROVAL & QUESTIONS FOR LENDER

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PRE-CUALIFICACION DE PRESTAMO VS. PRE-APROBACION Y PREGUNTAS PARA PRESTAMISTA.

When seeking a property, a PRE-APPROVAL is provided after you have sent your LENDING ENTITY documents, proving you have qualified for a LOAN AMOUNT pending APPRAISAL of your selected Property and your selected entities' UNDERWRITER.

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Cuando buscando propiedad, una PRE-APROBACION es proveida despues has mandado documentos a su ENTENTIDAD DE PRESTAMO.

The "Verbal Information" you provide your LENDING ENTITY, has you receive a Pre-Qualification, pending receiving PRE-APPROVAL.

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La "Informacion Verbal" usted provee su ENTENTIDAD DE PRESTAMO, tiene a usted recibiendo una Pre-Cualificacion, pendiente recibiendo PRE-APROBACION.

A Pre-Qualification provides you the ability to start "searching" properties with the amount it has on it.

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Una Pre-Qualificacion le provee la abilidad para comenzar "busqueda" de propiedades con la cantidad tiene.

After visiting a PROPERTY, you decide to make Seller an OFFER. Providing a "PRE-APPROVAL" together OFFER, makes it a STRONG OFFER over providing a Pre-Qualification with OFFER.

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Despues visitando una PROPIEDAD, usted decide hacer OFERTA a Vendedor. Proveiendo PRE-APROBACION junto con OFERTA, hace OFERTA FUERTE sobre proveiendo Pre-Cualificacion con OFERTA.

A PRE-APPROVAL provides you the ability to provide SELLERS your SERIOUS Readiness to PURCHASE, and "A STRONG OFFER."

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Una PRE-APROBACION le provee la abilidad a proveer VENDEDORES su Lista SERIEDAD para COMPRAR, y "UNA OFERTA FUERTE."

The ZILLOW article found below explains the difference of Pre-Qualification and PRE-APPROVAL in more detail.

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El articulo de ZILLOW encontrado abajo explica la diferencia de Pre-Cualificacion y PRE-APROBACION in mas detalle.

***ARE YOU READY FOR PURCHASING YOUR FIRST OR NEXT PROPERTY?

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***ESTA USTED LISTO PARA COMPRAR SU PRIMERA O PROXIMA PROPIEDAD?

I AM ALWAYS AVAILABLE TO ASSIST YOU WITH YOUR NJ PROPERTY NEEDS.?People ask me all the time to show them property, with my knowing they have no idea what they really "can qualify for" (PURCHASE POWER THEY HAVE), a number that is important when making an OFFER to SELLER, together with LOAN PRE-APPROVAL provided by Lending Entity selected.

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SIEMPRE ESTOY DESPONIBLE PARA ASISTARLE CON SUN NECECIDADES DE PROPIEDAD EN NJ. Gente me preguntan todas las veces que le ense?en propiedades, sabiendo yo ellos no tienen idea para que en realidad "pueden qualficar" (PODER DE COMPRA TIENEN), un numero que es importante cuando haciendo OFERTA a VENDEDOR, junto con PRE-APROBACION PRESTAMO proveido por Ententidad Prestamo selectada.

*** In English / En Espa?ol

Suggested Questions for Lending entity

Preguntas Sugiridas para Ententidad de Prestamo

The following are ONLY?suggested?questions, and do not guarantee are all?the questions?that can be asked, to attain all information one can learn about the subject of "loan."

It is possible that the answers of these questions can give you more information than what you ask.

Use some, most, all or none, you decide.

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Lo siguiente?son SOLO preguntas sugeridas, y no garantiza son todas las preguntas se pueden preguntar, para lograr toda informacion?uno puede aprender sobre el tema de "prestamo."

Es posible las contestas de estas preguntas pueden darle mas informacion de lo que preguntas.

Use algunas, mayoria, todas, o ninguna, usted decide.

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I?strongly suggest?you ask LENDER what they offer you, and what you will experience during process, and if the?questions?below not answered already, ask.

Le sugiero fuertemente pregunte a PRESTAMISTA que les ofrece, y que sera su experiencia durante el proceso, y si preguntas abajo no la han contestado ya, pregunte.

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QUESTIONS?for lenders and banks

PREGUNTAS para prestamistas y bancos

1.?

How much do you charge for application?

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Cuanto cobra por aplicacion?

2.?

Do you charge POINTS (percentage of LOAN AMOUNT), FEES, or BOTH and how much?

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Cobran PUNTOS (percentage de CANTIDAD DE PRESTAMO), COSTOS, o los DOS y cuanto?

3.?

What rate do you offer for a 30 Year Mortgage? Y 20 a?os?

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Cual taza ofrecen para Hipoteca de 30 A?os? And 20 Years?

4.What length of time does the rate offered lasts after my receiving PRE APPROVAL?

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Que tiempo dura taza ofrecida?despues recibo PRE APROBACION?

5.?

Do you have options for me with a conventional loan?

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Tiene usted opcion para mi con prestamo convencional?

6.?

What is the difference of FHA and CONVENTIONAL loans?

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Que es la diferencia de prestamos FHA y CONVENCIONAL?

7.?

Amount of money I need to have 60 days or more in bank prior my receiving loan approval to put as down payment, and pay for Closing Costs?

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Cantidad dinero necesito 60 dias o mas en banco antes recibo apruevacion de prestamo, para poner de pronto (down payment), y pagar Costos De CIERRE?

8.?

How much do I have approved in total with down payment as the PURCHASE PRICE amount?

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Cuanto tengo aprobado en total con pronto (down payment) como cantidad de PODER DE COMPRA?

9.?

How much is my monthly payment?

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Cuanto es mi pago mensual?

10.?

Do monthly payments include taxes???PMI??(HOA if applicable purchasing TOWN HOUSE, CONDOMINIUM, or in AREA REQUIRING this monthly payment?

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Pagos mensuales incluye impuestos? PMI? (HOA si aplicable comprando TOWN HOUSE, CONDOMINIO, o en AREA REQUIERE este pago mensual)?

11.?

With amount APPROVED, what do I use for the TOTAL OF YEARLY TAXES?

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Con cantidad APRUEBADA, que uso para el TOTAL DE IMPUESTOS ANUAL?

12.?

What is an ARM?

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Que es un ARM?

13.

My partner has an ITIN, is there a loan you offer for persons with an ITIN?

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Mi pareja tiene un TIN, hay un prestamo ofreces para personas con ITIN?

14.?

Are you using RENTAL INCOME of apartment in 2 family house I seek?

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Estas usando INGRESO DE RENTA de apartamento en casa dos familias busco?

15.?

How much is the cost (GENERALLY, COST OF PROPERTY INSPECTION AND APPRAISAL NOT INCLUDED AND PAID BEFORE) of CLOSING?

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Cuanto es costo (EN GENERAL, COSTO DE INSPECCION Y VALUACION DE PROPRIEDAD NO INCLUIDO Y PAGADO ANTES) de CIERRE?

16.?

How much is DOWN PAYMENT?

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CUANTO ES PRONTO (DOWN PAYMENT)?

17.?

Is property insurance (FLOOD INSURANCE IS A SEPARATE INSURANCE) included in mortgage, or is it a SEPARATE cost?

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Seguro propriedad incluido (SEGURO INUNDACION ES UN SEGURO SEPARADO) en hipoteca, o es un costo APARTE?

18.?

What is the projected weeks of time, do we expect to Close after APPRAISAL??

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Que tiempo de semanas proyectadas, esperamos Cerrar despues VALUACION (VALUACION DE VALOR PROPRIEDAD)?

19.?

How much do I have to pay for APPRAISAL, that is separate from the DOWN PAYMENT cost and CLOSING COST, done prior purchasing property?

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Cuanto tengo que pagar para VALUACION, que es aparte costo pronto y costo CIERRE, hecho antes comprar propriedad?

20.?

How much is needed to pay, more or less, to inspect the property that I understand is also prior purchasing property, after initiating (or completion of) ATTORNEY REVIEW (review of contract terms with my lawyer and INSPECTOR REPORT)?

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Cuanto hay que pagar, mas o menos, por inspeccion propriedad que entiendo igual antes comprar property, despues inicio (o completando) ATTORNEY REVIEW (reviso terminos contrato con abogado mio y REPORTE INSPECTOR)?

21.?

How much does services of attorney cost, more or less (I know paid at closing)?

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Cuanto cuesta servicio abogado, mas o menos, (se yo pago en cierre)?

22. How many times do you inquire on my FICO (CREDIT) score during time of my purchasing property (purchase transaction)?

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Cuantas veces usted hace para lograr informacion de mi FICO (CREDITO) SCORE durante tiempo yo haciendo compra propriedad (transaccion de comprar)???

23. How many days does it take for FICO score checks to reflect on my CREDIT?

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Cuantos dias demora para su busqueda de informacion sobre mi FICO score, reflejar en mi CREDITO?

24. How many points taken down on my FICO score after your inquiries???

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Cuantos puntos baja mi "FICO score" despues su busqueda informacion?

25. Do I need NOT take money out for vacation, car purchase, or other large purchase until after CLOSING???

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Necesito yo NO sacar dinero para vacaciones, compra carro, o otra compra grande hasta despues CIERRE?

26. What do you need from me to start your process?

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Que necesitas de mi para comenzar su proceso?

Thank you

Gracias

__________________________

To serve you, communicate with me at whatever time.

Para servirle, comunicase conmigo a cualquier hora.

Angel A. Llerena?(Lic. # 9591305)

REALTOR?, Sales Associate?

Cell: 201.875.0187

STAR REAL ESTATE AGENCY, LLC

Office: 201.997.7900

The ZILLOW article herein explains the difference of the two in more detail;

https://www.zillow.com/mortgage-learning/pre-qualification-vs-pre-approval/