Frank Rexford, CMPS, Chapel Hill, Mortgage, Durham, Cary, Raleigh, Purchase, Refinance, Conforming, Jumbo, FHA, VA, North Carolina, Home Loans

Frank Rexford

Frank Rexford, CMPS
Vice President of
Mortgage Lending
GUARANTEED RATE, Inc.

Frank Rexford
Certified Mortgage Planning Specialist
1450 Raleigh Road
Suite 208
Chapel Hill, NC 27517

NMLS ID# 119234
NC Lic. I-128094

No matter how many times you do it, buying a home is a major financial and emotional event. I work very hard to help ensure that the entire home loan process is stress free for you. Together we can review the long-term ramifications of financing options by intelligently evaluating different strategies long before you make an offer. This is best done with a pre-qualification meeting.

I will gather information from you about your income and debts and make a preliminary financial determination about how much house you may be able to afford. I will order and review your current credit report to do this, and use the information that you provide about your income, employment, assets, and liabilities in order to pre-qualify you. And so the pre-qualification is only as good as the information that you give, and is subject to verification of that information during the formal application process.

A Pre-Approval requires that you provide a few basic documents - such as a recent pay stub, last year's W-2, and a bank statement. The documents needed will vary depending on your particular situation, but you can get a good idea of what is needed for a pre-approval by clicking here.

It's a good idea to know how expensive a home you can afford before you start shopping for one -so you don't waste time looking for properties that are out of your budget. A pre-qualification meeting will help with this. We can begin to discuss options that are tailored to your unique financial situation – which can help to limit your stress level during this major life event.

If you can provide a pre-qualification letter with your offer to purchase, real estate agents and sellers will take your offer more seriously, because you have already taken steps to obtain financing with a lender, and a lender has already found a loan that works for you. A pre-qualification letter may sway a home seller to negotiate with you as opposed to another buyer who is not pre-qualified. And you will be in a position to close more quickly and smoothly, since you already know what will be required to get your loan approved.