Getting Pre-Approved
The Five Steps to Mortgage Pre-Approval
This will help provide you a clear understanding of the most important steps to obtaining a home. From establishing your goals, choosing your real estate and lending team, to filling out the mortgage loan application and what documentation you need, we’ll help guide you along the path to your mortgage pre-approval. We’ll also explain the ins and outs of credit checks and how rates and fees work!
What are your goals?
When it comes to your house it helps to determine how much house you can afford before you apply for a home mortgage loan. Our loan officers will guide you to help you determine your short-term and long-term home buying goals.
Choosing your professionals.
When you’re ready to buy a house, choosing the right realtor and mortgage lender are two of the most important components to securing your new home. Our loan officers will discuss with you how professionals can help, including what qualities to look for, setting your expectations to work with them and determining how they prioritize your needs throughout the home buying process.
Filling out your loan application.
When filling out your mortgage application, you’ll need documentation to let your lender know how much you make, how much you have in savings, what debt you have and many other things, such as your work history.
Gathering documentation.
When it comes to filling out your home loan application, documentation is very important because that’s how you show that you can pay back your mortgage. Our loan officers will discuss to you the documentation that you’ll need to gather in order to verify that you have the money and make the money you need to be pre-approved for the loan amount you want to secure your new home.
Credit check.
Your credit report is a history of your financial behavior and habits. And it’s an essential part of getting pre-approved for a home mortgage loan. In order to be pre-approved for a loan to purchase your house, your credit report and your credit score will determine what debts you have and what your track record is like for paying them back. Our loan officers will tell you more what a credit report and scores are, who you should allow to pull your credit and when, and why your credit history matters.
Let’s Get You Started Today.
Do you have any questions? Feel free to contact us or get started today.
