Yes, and you should! Different companies offer different financing offers to their customers. We know that one size does not fit all, and as a result First Choice Lending Services features very different loan programs from our competitors. Call our customer service team to learn more about our personalized financing options.
How much house you can afford depends on your income, monthly debts, credit score, down payment, and current mortgage interest rates. Most lenders look at your debt-to-income ratio (DTI) to determine a comfortable monthly payment. A mortgage pre-approval gives you the most accurate picture of your true homebuying budget.
Pre-qualification is an estimate based on self-reported financial information, while pre-approval involves verifying income, credit, and assets. A mortgage pre-approval shows sellers you’re a serious buyer and gives you a clearer picture of how much home you can afford.
