One of the first things you need to do in your home search is get pre-approved for a mortgage loan. Mortgage pre-approval is a qualification from your lender up to a certain price point with a set interest rate and is based on your actual finances. It’s important to work with a trusted, local mortgage professional as they will work alongside your agent through the real estate transaction.
Completing a mortgage application, if you’re prepared, will take 20 minutes to an hour. “Prepared” means having your employment and address information for the most recent two years at the ready, and having handy your employer’s and landlord’s contact information; your bank, retirement, and investment account statements; and, proof of your income, which may be via pay stubs or tax returns and 1099’s.
Contact us for a list of our preferred lenders.
