Richmond real estate and homes for sale in Virginia - Donald Breckenridge, REALTOR® Donald Breckenridge REALTOR(r) for Richmond, Virginia real estate - NUMBER1EXPERT™ Donald Breckenridge NUMBER1EXPERT(tm) for Richmond, Virginia real estate

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Donald Breckenridge, REALTOR®, real estate agent and broker for Richmond Virginia home listings, property and land for sale - NUMBER1EXPERT(tm)
All agents are NOT alike! Find out why I am a top real estate expert. Call me: 800-772-5220 or 804-914-5340.


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Mortgage Prequalification: Richmond Virginia home buying, real estate listings, and homes for sale in Henrico                        County, VA
Welcome > For Buyers > Mortgage Prequalification ...


Don't Go Shopping for a New Home Before You Know Exactly How Much You Can Spend!
 

You might have an idea of the payment and mortgage you can afford. But will the bank feel otherwise? It's always best to prequalify for a mortgage so you know exactly how much a financial institution is willing to lend you. 

In the prequalification process, you will find out: 

- Exactly how much home you can afford. 

- How much cash you will need for the down payment. 

- The minimum down payment, and advantages of higher down payments. 

- What the bank feels you can afford for a monthly payment. 

I help buyers prequalify for mortgages every day. Simply fill out the form below to get started. 

Remember: I will respect your privacy! I know this is your personal information, and I will not distribute it to anyone, other than a qualified mortgage broker. This service is also provided free of charge, and without any obligation on your part. It is part of my job as a Realtor. 

Once you fill out the form, I will quickly forward your information to a lender and have the lender get right back to you!
 

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Real Estate Tips
Buyers Remorse >First Time Loans

Most first-time buyers can qualify for a mortgage loan, but they may need help from parents to make the down payment or closing costs on their home. There are loan programs that minimize the down payment and closing costs for first-time buyers. These programs usually require that 3 to 5 percent of the purchase price come from the buyers' funds, not from a loan or gift. Most lenders ask for the last three months' bank records. The borrower will be asked to reveal the origin of any large deposits. If the money comes from the homebuyer's parents, the lender may not consider those funds when qualifying the buyers.

Parents who are planning to help their children finance a home should transfer any funds several months before the house-hunting process begins. If it is a loan rather than a gift, a formal re-payment agreement should be drawn up between parents and children to eliminate potential misunderstandings or future complications with either estate.

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Real Estate Trivia
Q 
The upper walls of what famous holy temple are lined with gold?

A 
The Golden Temple in Amritsar, India is the most sacred temple and spiritual center of the Sikhs.
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Donald Breckenridge, REALTOR®, real estate agent and broker for Richmond Virginia home listings, property and land for sale - NUMBER1EXPERT(tm)

Donald Breckenridge
RE/MAX Commonwealth Richmond Real Estate

200 Westgate Parkway Suite 100
Richmond, VA 23233
804-360-5200
804-914-5340
Toll Free: 800-772-5220
Fax: 804-360-5921
Email: DonaldBreckenridge@NUMBER1EXPERT.com

As one of America's NUMBER1EXPERT™ in the Richmond and surrounding area, I am well equipped to serve you with all your real estate needs. Buying, Selling and Relocating. I have over 18 years experience in residential real estate. I am dedicated to serving my clients with honesty and integrity. I am committed to informing and guiding my clients in making the best decisions when buying or selling real estate. I have a full team ready to assist you. My goal is to develop "Clients for Life," and not just for one transaction! Call or email me today!

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RE/MAX Commonwealth real estate and homes for sale in Richmond Virginia

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