Pre-Approval

When shopping for a home it is very important to at least talk to me to go over some figures to get an idea of what you can actually be approved for. This will take all of ten minutes and is painless. The obvious benefits are comfortably knowing what you can afford and feeling secure with the payment.

Typically when you are searching for a home a listing agent will always ask for a pre-approval. Being prepared is always a good thing.

You may have heard the terms pre-qualification and pre-approval used a lot. They are similar, but with some differences. The pre-qualifications are based on assumptions. Basically over that ten minute phone call I will ask for your income, asset and credit history information and take your word for it without verifying them. This is a pre-qualification. Sometimes this may be enough. If you feel confident that the information you provide me is accurate and have no problem documenting this, then we are set with this process.

A pre-approval is when you actually supply me with the information regarding your income, assets and allow me to pull your credit. There is more security in this, and it will actually give you a head start in the process in that I have all this information and we are ready to move forward if you actually find a property and go to contract.

Below is a list of the documentation that we need for a pre-approval:

• Two most recent and complete tax returns; all schedules ( for self-employed borrowers)
• Two most recent W2′s
• Two most recent paystubs
• Most recent and complete bank statements; all pages
• A copy of your photo ID

Application

Once you have found a home and have signed a purchase contract we can start the application process. Most likely at this point I will have most of your pertinent information and we will simply add the new property address to the application. I can send it, email it or you can come in and sign it. This along with the supporting documentation listed above is what we need to get moving forward .

Closing

Now that the loan is ready to close all parties work to coordinate this. The attorneys will schedule the closing at a title company. The title company’s job is to insure clear title on the property, put you on the title of the loan and they actually conduct the closing.

We will contact you before the closing to go over the final figures and what you need to bring to closing. You will either need to bring a cashier’s check or arrange for a wire transfer (we will help you arrange this).

At the closing you will sign A LOT of documents. Most importantly will be the Mortgage and Note. When you are finally done, they will fund your new loan, hand over the keys to you and you are now a new homeowner.

Now that you’re a homeowner..

Now that you own your home and are happy with the work my team and I have done for you, we ask you to remember how we kept your interests first at all times. We ask that you write some reviews about us online and please let your family, friends and fellow associates know about us. Don’t keep us a secret!
This aside, know that I plan to stay in touch with you via emails meant to make you smile during each year as well as a phone call from time to time.
Just because you now own a home doesn’t mean that I stop looking out for you. Know that I will keep you aware of any market conditions or opportunities that may become available for you to save some money. I’m always looking out for you.