Tidewater Mortgage Services has been providing the residents of Hampton Roads with the best home financing experience possible for over 14 years. As a local direct lender, we use common sense underwriting which has allowed us to expand in these uncertain times. We believe it is our job to provide you with all the information necessary to make fully informed decisions. For superior customer service and value, call Your Tidewater Mortgage Team and experience the difference. Our team will work around your busy schedule to complete the application process and provide you all the information you need to enter the mortgage market. The end result is achieving your long sought after goal of home ownership.
"Today more than ever, We see a mortgage loan, as a financial instrument that must be tied into your long and short term personal financial plan, allowing my clients to create a debt strategy that helps in building long term wealth creation for their family".
Pre-qualification acts as a dry run of the loan application process. The mortgage lender will use details you provide about your credit, income, assets and debts to arrive at an estimate of how much mortgage you can afford. The whole process may take only minutes or a few hours at most, and is free.
While a "pre-qual" is non-binding to the lender (because the information you provide has not been verified), it does serve as a good indication to potential sellers of your general creditworthiness.
These days most sellers will NOT accept an offer without at least a pre-approval letter, so if you are serious about buying this is the first step towards getting you in your new home.