The single most important thing before we open the door is your pre-approval
Things you need to get started
2 months current bank and asset account statements including all pages (no screen prints)
Last 2 years W2s and 1040s including all schedules
Past 30 days computerized pay stubs, to include year-to-date earnings
If self-employed, last two years' corporate tax returns and year-to-date profit & loss statement
"Know the Difference"
HOW do I choose a lender?
There are so many options in todays marketplace when it comes to mortgages!
WHICH mortgage is best for me?
HOW do I get the lowest interest rate?
How do I apply?
Banks VS. Mortgage Companies
Lets talk about the differences! Your traditional banking institution where your personal and business accounts might be, may not be your best option for a mortgage! When we sit down I will go over how important it is to choose the right lender and why. I will also explain, as I see it, the pitfalls and risks of using online or out of state lenders!
Its critical to the process that you have all the information before making a decision.
The majority of buyers turn to banks when it comes time to get a mortgage. They seem to be the most obvious choice, mostly because they are local in nature and are typically customer’s primary banking institution. This is not always the case and commercial banks are known to be conservative and offer fewer products than your average mortgage broker.
Mortgage brokers have far more access to loan products and types of loans than a commercial bank, whether it’s FHA loans, VA loans, jumbo loans, a USDA loan, or simply a borrower with bad credit. Thankfully in todays market, mortgage companies are beginning to offer portfolio loans again.
15-year vs 30-year Mortgage. Before you buy your home, calculate how much you mortgage payment could be. Click below now!
Which mortgage product is best for me and how do I qualify?
This one is easier than it looks. Many buyers are surprised just to find out how many options they have! At our first meeting I will briefly go over some of the details such as the types of mortgage loans available, who pays closing costs, the appraisal process etc. Once you have a basic understanding I will help you narrow down the choices and you will know which direction is going to be best for you!