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.  We’ll assess your credit at no cost and help you form a game plan.  In addition to a 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.

Some lenders offer loan pre-qualifications and some offer pre-appovals. Here’s the difference:

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

Pre-Qualification

• Provides a “ballpark” estimate of your buying power based on a cursory look at your credit package (income, credit and assets).
• Is based on summary verbal information provided on your income and assets
• Requires satisfactory review of credit package, property, financial documents and program requirements to issue final approval and lending commitment.
• Is offered by most lenders

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

True Home Loan Pre-Approval

• Credit Package documentation reviewed and approved by a Underwriter who issues a Bay Mountain True Pre-Approval^©
• Provides proof to real estate agents and sellers that you’re pre-approved for a specific loan amount and purchase pric
• Is based on verified documentation of your credit package (income, credit and assets)
• Requires a satisfactory appraisal and title review and no change in financial condition for final approval and lending commitment
• Is offered by Bay Mountain at no cost as a service to prepare you to find a home

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