How is a pre-qualification different from a pre-approval?
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A pre-qualification is a lighter review that gives you a rough idea of what you may qualify for. A pre-approval is a more thorough review of your income, assets, and credit. When your offer is competing, a stronger approval generally carries more weight, though all loans remain subject to underwriting approval and program guidelines.
Will checking my rate hurt my credit score?
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An initial pre-qualification can often be done with a soft credit inquiry, which does not affect your score. A hard inquiry generally happens once you decide to move forward. Multiple mortgage inquiries within a short shopping window are typically treated as a single event by scoring models.
I am self-employed. What options do I have?
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Depending on eligibility, options may include traditional conventional financing, bank statement programs, P&L-based programs, DSCR loans for investment properties, and asset-based strategies. The right fit depends on your business structure, documentation, and goals. I will walk through what may be a fit for your specific situation.
How fast can we close?
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Closing timelines vary based on the loan program, property, appraisal, title work, and how quickly documentation comes together. When a fast timeline is needed, I will lay out what is realistic and what has to line up for it to happen.
When can I remove PMI?
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In general, homeowners may request PMI removal once they reach 20% equity based on the original value, and there are legal thresholds for automatic termination as well. The specifics depend on your loan type and servicer requirements. I keep an eye on the milestone with you so it does not get missed.
What is a 'no-cost' refinance?
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It generally means the closing costs are offset by a lender credit built into the rate rather than being paid out of pocket or added to the balance. It only makes sense in certain rate environments and for certain goals. I will only bring it up when the math genuinely works for you.
Where do you serve clients?
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Waymaker Mortgage and I serve clients in states where we are properly licensed. Not all loan programs are available in all areas. If you are outside of central Texas, ask me and I will confirm.
What happens after I close?
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Closing is not the end of the relationship. I stay involved through what I call Mortgage Under Management, watching for PMI removal windows, meaningful refinance opportunities, and equity milestones, and reaching out when there is something worth a real conversation.
Still have questions?
About 15 minutes on the phone is usually enough to answer most of them and give you a clear next step.
Book a Strategy Call →