Buy A Home

Buy A Home

In today’s highly competitive real estate market, a buyer must be pre-approved or have all cash to close.  Buying a home can feel like an insurmountable task.  Let us help simplify the process!  We’ll assess your credit and help you form a game plan.  In addition to credit assessment, we will prepare you with a Bay Mountain True Pre-Approval © to help strengthen your offer to assure acceptance.  A Bay Mountain True Pre-Approval means that your credit package will be reviewed and underwritten by the lender, who will issue a lending commitment.

Pre-Qualification versus Pre-Approval

Some lenders offer a pre-qualification and some offer pre-approvals and there are very important differences.

Pre-Qualification

Most mortgage companies and traditional banks will only provide you with a lesser pre-qualification letter.  Pre-qualification letters have not had your credit package fully reviewed or underwritten in advance. Pre-qualification letters only provide the following:

• A “ballpark” estimate of your buying power based on a cursory look at your credit package (income, credit and assets).
• A summary based on your verbal information you provide to the lender about your income and assets.

Most REALTORS and Sellers will not accept this as viable financing with a purchase offer.

Pre-Approval

Most Realtors and Sellers will not accept a pre-qualification letter with your purchase offer.  If you’re ready to purchase a home, a pre-approval is the industry standard to accompany your purchase offer.  A Bay Mountain True Pre-Approval will give you that security in the purchasing process and Bay Mountain offers this at no cost to you as a service to prepare you to find a home.

This includes:

• Your credit package is fully reviewed and approved by an underwriter (not based on just your verbal representation of your credit package).
• It provides the proof you need to the seller’s real estate agent that you’ve been pre-approved for a specific loan amount and purchase price because it’s based on verified documentation of your credit package (income, credt, and assets).

Let's Get Started

Steven J. Lang
NMLS 307978
Mortgage Professional
925.408.9797
Fax 877.702.1003

Bay Mountain Mortgage
610 Caine Rd
Alta CA 95701
Broker CA DRE 01227690
CADRE Corp 01989793
NMLS Corp 1446385