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.

Tim Barr has been a Cape Cod Mortgage Broker at Homestead Mortgage since its inception in 2009. As the Branch Manager of the Centerville, MA office, Tim has been a valuable member of the team since starting the branch. Tim is a graduate of the United States Military Academy at West Point, and served as an officer in the Army from 2003-2008. Being born and raised on Cape Cod gives Tim an added expertise in being able to help his clients. Tim lives in West Yarmouth with his wife Joanna and his son Ethan. Tim is also very involved in the community, and coaches Boys Soccer and Girls Softball at Sturgis Charter Public School in Hyannis, MA. Tim always takes pride in his work and strives to build long-lasting relationships with all his clients, and always goes the extra mile.

One of the main reasons to choose Tim Barr as your Cape Cod mortgage broker — he’s a broker! This means he is not limited by what his employer has for loan programs, like a bank or mortgage lender loan originator. Therefore, Tim is able to hunt down a mortgage loan program that offers terms that work for your situation. He can also get you the lowest rates available for your down payment and credit situation.

It also allows Tim to find a mortgage for those challenging situations, whether it is because of the property, borrowers or a combination of the two.

Second reason, if the above is not enough, is his experience getting mortgages approved and underwritten. You will find no one that will fight for you more than Tim Barr. If you are looking to buy a home or 2nd home or to refinance your existing mortgage, don’t hesitate to call or contact Tim today.

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