The Importance of Prequalification

Prequalification Takes You Where You Want to be, Faster

At Castle & Cooke Mortgage and The Gokool Team we aim to consistently simplify the home buying experience to make it easier for our clients. This includes the speed, efficiency and technology behind our lending process, as well as giving homebuyers the advantage of our team’s knowledge and experience. All of this adds up to preparedness – so clients can secure the home they really want.

Credit, debt-to-income ratio and determining which assets you can leverage are all part of the calculation that allows a mortgage company to offer you a loan. Not to mention, the home loan that will best meet your long-term goals. While some loans are designed to aid potential homebuyers who have concerns with credit, down payment or their ability to make a down payment – all loans have qualification guidelines. Knowing which ones you meet – ahead of time – makes you more ready to buy in a competitive market and provides assurance to your realtor and the seller that you are prepared to be taken seriously as a buyer.

Prequalification is free and it lets you know the upward limits that mortgage insurers and regulators (Fannie Mae, Freddie Mac and Ginnie Mae) will allow, so you can target your home search more effectively. We would be thrilled to help you take the first step toward your next big move.

Buyer Provides

* Monthly gross income

* Sources of income (salary, self-employed, etc.)

* Employment and employer information

* Asset verification (real estate, cash, retirement)

Buyer Acquires

* Official lender-qualified status

* Serious intent with realtors and sellers

* An edge in a competitive market

* A more efficient home search

Restrictions may apply. Not all who apply will qualify. Program qualifications and offerings are subject to change at any time. The duration of the loan process is conditional upon credit approval and starts with the receipt of all required information provided by the borrower and/or any third party. Castle & Cooke Mortgage, LLC cannot be held responsible for any required documentation that is not received in a timely manner or unforeseen occurrences that may delay the loan process.