• Address: Austin, TX 78708 (map)
• Date Posted: 10/24/09

Planning Your Mortgage and Seeking Pre-approval

The Benefits of a Professional Consultant

Choosing the right lender is a key element to managing your mortgage. As a mortgage consultant, my goal is not just to provide you with a loan, but also to help select the one most beneficial to you and your long-term goals, and then, help you manage that debt over time.

There are not many lenders out there who provide this type of personalized service. My job is just beginning when your first loan closes. I will continuously monitor rates on your behalf, and stay in touch with you to make sure we remain on target with your financial goals.

Seek Pre-Approval

What's the difference between pre-qualification and pre-approval?

Pre-qualification is the starting point in your search for mortgage financing. A quick snapshot is taken which includes income, existing debt, savings, length of employment, etc. All of these factors will then be analyzed to determine your loan eligibility.

Pre-approval is written documentation that shows you have the support of a lender who is willing to finance you. It means an underwriter has reviewed your loan application. Based on your income, debt ratio and savings, the underwriter provides the dollar amount you are eligible to borrow. Now you can shop around for houses that fit into that loan amount category.

Here is the nice thing about the pre-approval: It gives you the leverage to shop as a cash buyer! With a pre-approval in hand, you now have the power to negotiate. The seller will take your offer much more seriously knowing you are already approved by a lender. Pre-approval can also shorten the time it takes to close, making even a lower bid attractive to sellers who are seeking to move quickly.

Give me a call to begin your pre-approval process. (512)924-3663

Sincerely,
Rachel Prevost
Your Trusted Mortgage Advisor
(512)924-3663

Client Testimonials:

My fiancé and I were very excited to have had the opportunity to purchase a brand new home as our first home. We saw it being built from the ground up. We were so thrilled we had secured people to assist us with the move and requested days off from work well in advance. But as we approached our closing date we felt our dreams of home ownership drifting away. We were faced with one issue after another. About a week before our scheduled closing we were told our loan application with our first mortgage company would not be processed by the expected date or anywhere close to our closing date. Our dream was becoming our worst nightmare. This was when Rachel with L&G Mortgagebanc stepped in. She started our application the first day we spoke. She assured us she would do her very best to get us into our home by the end of the month which was about 8 days away. We were skeptical at this point but with Rachel’s upbeat positive attitude she kept us hopeful. She provided us updates every step of the way. We spoke to her at least once a day until we closed. She was diligent, working into the night some nights. To our disbelief we were sitting at the closing table a week after our initial meeting with Rachel to sign off on the final documents. Rachel was a life saver! She saved us from losing our home and we will be forever grateful for all that she did for us! ~Tracy Khuu

As a first time home buyer, I was unfamiliar with everything involved in the process. I am grateful that I was referred to Rachel Prevost because she is extremely knowledgeable. On top of that she was willing to explain everything--slowly, patiently, and repeatedly when necessary. She kept in regular contact with me letting me know what was needed and when. She was always prepared, and kept things on track. Closing went smoothly thanks to her efforts on my behalf. What a great experience! ~Edna Perez

Mark and I can't begin to thank you enough for your service and your professionalism during our refinance. When I met you, we were in the middle of the process of refinancing with another mortgage broker, but we had serious doubts that he was working in our best interest. You very clearly explained the refinance process and presented the best options for us. Everything was carefully laid out. Emails and questions were always answered promptly. Your friendliness was certainly appreciated as well as your objectivity. We went to the closing table feeling fully informed and very pleased to have worked with you.

Thank you once again, Rachel. We will definitely refer you to our friends, neighbors and coworkers. It was truly a pleasure working with you! ~Stephanie and Mark Johnson

As a first time homebuyer I was nervous about the financing process and felt unprepared about what was in store. All was put to ease when I met Rachel. At our initial meeting, she patiently and thoroughly went through the required documents. Rachel was always available in person, by phone and email to answer all my questions. She kept me well informed about my financing status and on my toes allowing me to meet my closing date. Without her, I would have been a nervous wreck, but instead was well prepared at closing. Thank you Rachel for such a smooth close and getting me into my first house! ~Clara Bautista

Rachel made our first-time home buying experience an easy one. She really took the time to explain all of the information to us and you were available any time we needed any questions answered (we had a few calls after 7 PM). Also, she is detailed oriented and kept us in the loop the whole way through. We will definitely be recommending her services to our friends and family. ~Phillip D. Esparza

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