David Hicks & Stephanie Steren | Real Estate & Home Financing Experts
Determining your budget involves considering your income, expenses, and creditworthiness. Consulting with a mortgage lender will help you understand how much you can borrow and what monthly mortgage payments you can comfortably afford.
Pre-qualification is an initial assessment based on your self-reported financial information, giving you a general idea of how much you might be able to borrow. Pre-approval, on the other hand, involves a thorough examination of your financial documents by a lender, resulting in a more accurate estimate and a conditional commitment to lend you a specific amount.
Closing costs are fees associated with the finalization of a real estate transaction. They typically include costs such as appraisal fees, title insurance, lender fees, and taxes. Both the buyer and seller have closing costs, but traditionally the buyer is responsible for a majority of them. However, these costs can be negotiated as part of the purchase agreement.
DAVID HICKS | CA DRE# 02132183
​​​​​​​David Hicks is a real estate salesperson licensed by the state of California affiliated with Green Room L.A. Green Room LA is a real estate broker licensed by the state of California and abides by equal housing opportunity laws. All material presented herein is intended for informational purposes only. Information is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to accuracy of any description. All measurements and square footages are approximate. This is not intended to solicit property already listed. Nothing herein shall be construed as legal, accounting or other professional advice outside the realm of real estate brokerage.
STEPHANIE ANNE STEREN
Stephanie Anne Steren (NMLS ID #263691 CA) is an agent of Draper and Kramer Mortgage
Corp. (NMLS ID #2551 www.nmlsconsumeraccess.org) an Illinois Residential Mortgage Licensee
located at 1431 Opus Place, Suite 200, Downers Grove, IL 60515, 630-376-2100. CA: Licensed
by the Department of Financial Protection and Innovation under the California Residential
Mortgage Lending Act, License No. 4130680.