Why Get Pre-Qualified?
1. 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.
2. 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.
3. 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.
David Gravelle joined the mortgage business in 1988 with the Boston Five Cent Savings Bank in Hartford CT. He worked the Northern Connecticut territory as a Loan Originator. In 1992 he joined Norwest Mortgage (today’s Wells Fargo Home Mortgage) and was promoted several times. He ended his career at Norwest as an Area Manager overseeing 4 offices with 60+ employees. In 1997, Family Choice Mortgage Corp was founded by David. Over the next 12 years, FCMC would grow to be one of New England’s largest mortgage lenders. FCMC employed 120+ with as many as 11 offices throughout New England. As the founder, David performed multiple duties focusing mainly on sales staffing & production. FCMC assets were purchased by United Bank.
David joined Merrimack Mortgage in September 2009. He currently manages and originates mortgage home loans from the Plymouth MA office. He has concentrated his efforts on government loans by delivering excellent customer service. David has originated thousands of government loans consisting of VA, FHA, and USDA. Now with years of experience, David can truly deliver service with speed and accuracy.