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Ark Mortgage Inc, NMLS# 103915

Ark Mortgage Inc, NMLS# 103915

Mortgage Advisors & Lending Services in New York & New Jersey

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  • Purchase
    • New Home Purchase
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  • Refinance
    • Lower Your Payment
    • Pay Off Your Home Faster
    • Consolidate Your Debt
    • Get Cash From Your Home
    • Refinance Investment Property
    • HARP Refinances
  • Programs
    • 90-Day Rate Lock
    • Certified Pre-Approval
    • Express Mortgage
    • Heroes Program
    • Lifetime Guarantee
    • Multiple-Property Discount
    • Investor’s Loan
  • My Loan
  • My Application

Certified Pre-Approval

improve your home buying power

Before you start deciding how many bedrooms and bathrooms you need, it’s crucial to sit down and determine how much house you can afford.

Once that’s done, we give you a Certificate of Pre-Approval, a loan-approval document that tells your realtor and the seller of any home you’re interested in that you’ll likely be able to afford the house. In a competitive market, it can be really difficult to get buyers interested in your offer without it.

An Ark Advisor can help you to work out a budget. We consider your net income and subtract your current debt while leaving wiggle room for unforeseen expenses. That determines your Maximum Affordable Payment (MAP) for your mortgage, which in turn tells us what amount of loan you’ll be likely to be approved for.

Your Ark Mortgage Advisor will also tell you about various ways you can maximize your purchasing power.

How much mortgage can I afford?

The first step in buying a house is determining a realistic budget. Start with this handy calculator to get an estimate of how much you can qualify for, and how a home loan will fit into your monthly payments. The calculator considers your income, the purchase price, and the total monthly payment. Try a couple of scenarios to see how it might affect your finances.

Home Affordability Mortgage Calculator

Loan Information

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Financial Analysis

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Sending

FAQs

Why should I lock in a rate?

Mortgage rates are notoriously unpredictable. If you’re close to buying, it’s a good idea to lock in your rate before it goes up. Of course, if the rate goes down during your lock, we’ll get you the lower rate.

Will I get charged a float-down fee?

Ark Mortgage never charges a fee to get you the lower rate once you’ve purchased the rate lock.

What if my lock expires before I close?

We can usually get an extension, but there may be some cost involved. If your closing is delayed because of any problem on our end, we’ll of course cover the cost of your extension.

Pair with Other Programs

90-Day Rate Lock

Mortgage rates are unpredictable and fluctuate daily. Avoid rising interest rates, by locking it in. And you don’t pay extra to “float down” or get the lower current market rates.

Express Mortgage

The promise to close within the month may make all the difference in a seller’s decision. We can help you close on a home in 21 days – that’s 26 days faster than the industry average.

Heroes Program

If you’re a first responder or health care worker, thank you. To show our gratitude we give a substantial discount on our fees whether you purchase or refinance a home loan.

Explore more

About Us FAQ Call (833) 215-8500 Apply Now

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Ark Mortgage, Inc. NMLS ID #103915

400 Rella Blvd Montebello, NY 10901
Serving New York, New Jersey, Connecticut, Pennsylvania, Florida, & Arizona
View our NMLS licenses here.

Equal Housing Lender

Copyright © 2023 · Ark Mortgage, All Rights Reserved.

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