January 27, 2020 at 1:36pm | Rima Rafeh
Loans have a lot of anxiety around it. A large number of potential buyers turn away from the market because of this fear – especially when it comes down to qualify for a mortgage. 

It doesn’t have to be scary.


It is important you do some prep work to feel confident about your decision.


According to Freddie Mac, once you’re ready to apply to make sure you got these down: 


  1. Find out your current credit history and credit score– Even if you don’t have perfect credit, you might already qualify. The average FICO Score® for all closed loans in September was 737, according to Ellie Mae.
  2. Gather relevant documents– Including income verification like your W-2 or paystubs, asset folders (bank statements), credit history and tax return files.
  3. Connect with a Professional – Your real estate agent knows the market like the back of their hand. She/He will be able to direct you to a compatible loan officer. 
  4. Consult with lenders–They will review your income, verify your documents and talk expenses and financial goals to the type and amount of a mortgage.
  5. Talk to your lender about pre-approval– A pre-approval letter provides an estimate of what you might be able to borrow (provided your financial status doesn’t change) and demonstrates to home sellers that you’re serious about buying.

Contact me  with any inquiries and questions you may have.
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