Coldwell Banker Schmitt
29967 Overseas Highway
Big Pine Key, FL 33043
Direct: (305) 872-5252
Cellular: (305) 304-2348
Toll Free (800) 488-3050
ext 5252
Office: (305) 872-3050
FAX (305) 872 4220
EMAIL http://www.lowerkeysagent.com
See Lender List Below:
Should you talk to a mortgage professional before house hunting?
Absolutely! Even if you haven't so much as picked out houses to
visit yet, it's important to see your mortgage professional first. Why? What
can he do for you if you haven't negotiated a price, and don't know how much
you want to borrow?
When you get pre-qualified, you'll be able to determine how much of a monthly mortgage payment you can afford, and how much your loan can be.
Once you qualify, you will receive what's called a Pre-Qualification Letter (your real estate agent might call it a "pre-qual"), which says that a lender is working with you to find the best loan to meet your needs and that the lender is confident you'll qualify for a loan for a certain amount.
When you find a house that catches your eye, and you decide to make an offer, being pre-qualified for a mortgage will do a couple of things. First, it lets you know how much you can offer. Your real estate agent will help you decide on an appropriate offer, but being pre-qualified gives you the confidence to know you can follow through.
More importantly, to a home seller, your being pre-qualified is like you walked into their house with a suitcase full of cash to make the deal! They won't have to wonder if they're wasting their time because you'll never qualify for a mortgage to finance the amount you're offering for the home. You have the clout of a buyer ready to make the deal right now!
It is important to be "Pre-Qualified" for a mortgage.
One of the first things you should consider doing is to talk with a lender
who will Pre-Qualify you based on your income, debt ratio, and money available
for a down payment. It is a very easy thing to do and can usually be done
right over the phone. In this way you will know the price range in which
to concentrate. Also, when you do make an offer, sellers tend to take you
more seriously and you are more apt to have your offer accepted. I strongly
suggest that you use a local lender who is familiar with the details exclusive
to purchasing in the Keys, rather than an out of area lender. Generally,
the entire procedure goes much more smoothly. Here are a few:
Bank of America Lisa Feliciano
100360 Overseas Hwy, Key Largo, FL 33037
Phone: 305-451-9669 Cell: 305-766-0643
Email: Lisa.Feliciano@BankofAmerica.com
Centennial Bank Michael Kiraly
11290 Overseas Hwy, Marathon, FL 33050
Main: 305-676-3000
Direct: 305-676-3019
Cell: 305-942-1756
Fax: 305-396-5679
TF: 800-955-0615
Email: mkiraly@my100bank.com
Keys Federal Credit Union John North
553 Peary Court Rd, PO Box 1898, Key West, FL 33041
Phone: 305-393-7210
Email: john.north@keysfcu.org
Wells Fargo Linda Corbin
3131 Northside Dr, Key West, FL 33040
Phone: 305-292-6606
Email: Linda.m.corbin@WellsFargo.com
First State Bank Jenny O’Brien
1201 Simonton St., Key West, FL 33040
Phone: 305-293-7118
Email: JennyO@KeysBanke.com
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