Quad Cities mortgage consultant and broker John Cornish (563-214-1539) has launched a specialized mortgage consultation service for first-time homebuyers in the area. The service includes personalized strategies to maximize a borrower's pre-approved loan amount.
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With 15-year and 30-year mortgage rates rising, prospective homebuyers who want to purchase their first property and secure financing need professional guidance about the pre-approval offers available to them. John Cornish has launched personalized mortgage consultations to simplify the mortgage process for first-timers. Key aspects of this process include explaining mortgage terms, reviewing all available options, helping buyers avoid costly mistakes, and helping them increase the principal amount on any pre-approved offers.
More details on the consultation service can be found at https://www.qchomeloan.com
In a recent video, John reveals a little-known strategy he uses to help loan applicants qualify for higher pre-approval amounts. High credit utilization and large unsecured loans signify a higher risk for mortgage lenders, who may choose to raise rates or reduce pre-approval amounts to offset this risk. John and his team advise mortgage applicants to consolidate and pay down their credit cards and pay off unsecured loans to lower their risk profile and consequently, gain access to better pre-approved amounts.
According to a release by the US Census Bureau, the homeownership rate among those below 35 increased by 2.2% from 2016 to 2019, which shows a growing trend toward first-time buyers entering the market. A mortgage consultation with John Cornish offers customized guidance and education to assist these first-time buyers in making the best financial decisions.
The consultation covers topics like affordability, comparing loan options, and preparing a competitive offer. John also discusses common concerns and challenges that first-time homebuyers face, such as saving for a down payment, managing student loan debt, and understanding how credit scores affect mortgage rates. He recommends working with lenders and brokers such as the Key Mortgage Group who build homeownership solutions that align with their financial goals.
The team of experienced mortgage professionals provides clear guidance throughout the consultation process, ensuring that each first-time homebuyer receives tailored support based on their personal circumstances and financial goals. For example, they can give tips to increase credit score, lower debt, or save for a larger down payment.
Through these mortgage consultations, John Cornish and the team at Key Mortgage Group aim to reduce the stress and uncertainty associated with buying a home for the first time.
About John Cornish
John Cornish is a mortgage lender and broker with over 21 years of experience in mortgage financing and refinancing. John is a Davenport resident and an alumnus of St. Ambrose University who has helped more than 2,300 people achieve homeownership.
A company spokesperson said, "We aim to simplify the complexities of mortgages for first-time buyers through well-informed and ethical consultations, specializing in strategies that help you increase the loan amounts on pre-approved offers."
Interested parties can find more information by visiting https://www.qchomeloan.com
Contact Info:
Name: John Cornish
Email: Send Email
Organization: John Cornish - Mortgage Lender
Address: 5189 Utica Ridge Rd. , Davenport, IA 52807, United States
Website: https://www.qchomeloan.com/
Source: NewsNetwork
Release ID: 89121354
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