Are you ready…not for football but are you ready, really ready to buy a property? Are you pre-approved or are you fully approved? Did you even know you can get fully approved except for the property part? Most lenders really don’t want to spend the time but if your serious then you should get fully approved. That way when you do find the property you are ready to buy you can make an offer that .
You need to find a lender you can talk to for starters. Someone that is willing to take the time to explain all the nuances to you. Or if you are an old hand at mortgages, to at least give you all the options that your scenario requires. Then you need to fill out a loan application. This can be done online but once the lender receives it, they should give you a call to fill in any blanks that may have been missed. then you will need to provide 2 years worth of income verification. This could be all pages of your Tax returns and your w-2’s plus you will need to provide a couple of pay stubs showing your current employment. You will also be asked to document the funds you plan to use at close. Usually 2 months worth of bank statements will suffice. there are also lots of forms that need to be explained.
Bottom line is there is a lot of work these days, the lenders requires in order to fully approve you but that once you jump over all the fences you will be so much farther ahead than most other borrowers.
Please call me or go to my other website at www.wconrad.myprospectmortgage.com
I having been doing this for 20 years an look forward to helping you with your financing needs whether you are a first time home buyer or a seasoned veteran.
