Before you begin to shop for a new home, let’s talk so we can figure out how much you can afford.
This will put you in a better position as a buyer.
It’s important to understand the distinction between being pre-qualified for a loan and pre-approved for a loan.
The difference between the two terms will be crucial when you decide to make an offer on a house.
To get pre-qualified for a loan, I will collect information about your debt, income, and assets.
We’ll look at your credit profile and assess goals for a down payment and get an idea of different loan programs that would work for you.
I will issue you a pre-qualification letter indicating the amount you are pre-qualified to borrow.
It is important to understand that a pre-qualification letter is just an estimate of what you are eligible to borrow, not a commitment to lend. Getting pre-approved for a loan gives you competitive advantage when the time comes to bid on a home because you have been approved for a loan for a specified amount.
To get pre-approved, you complete a mortgage application and provide me with various information verifying your employment, assets and financial status such as W-2 forms, bank records and credit card statements. We’ll review your mortgage options and submit your application to the lender that best meets your needs. Once the application process is complete you will receive a pre-approval letter indicating the amount your lender is willing to lend you for your home.
A pre-approval letter is not binding on the lender; it is subject to an appraisal of the home you wish to purchase and certain other conditions. If your financial situation changes (e.g. you lose your job), interest rates rise or a specified expiration date passes, your lender must review your situation and recalculate your mortgage amount accordingly.
Don't Start Your Home Search Without Mortgage Approval
What makes us successful in the Mortgage Broker space, is our ability to shop multiple lenders, providing you with extremely competitive pricing and mortgage options.
We do most of the leg work, saving you time and money.
To Start The Approval Process, We will generally need the following USE THIS LIST AS GUIDE. APP MAY NOT ASK FOR EVERYTHING NEEDED (if you are unsure of where to upload something, just put it with income):
2 most recent account statements for account from which cash to close will be sourced (ALL PAGES: any incoming deposits/transfers of $2k or more must be documented and sourced)
2023 & 2024 W2s and/or 1099s (if you don’t have access to W2s, W2/Wage & Income transcripts can be requested here: https://loom.ly/ebt1MCo)
2 most recent paystubs (covering recent 30 days) and /or most recent Benefit letters (any fixed income, retirement, Social Security, etc.)
Last paystub issued 12/2023 & 12/2024 (if you have access to it, if not, Please send name, phone, and email (1 of which must register to employer) for someone who can complete a verification of Employment for each employer you worked with from 2023-YTD)
Copy of Driver’s License (s) & Social Security Card (s) OR legal documents showing full SS#(s) and name(s)
Complete quick, online application here: Apply (IF LEGALLY MARRIED, BE SURE TO INCLUDE BOTH SPOUSES ON APPLICATION)
IF THERE ARE ANY CREDIT FREEZES OR LOCKS, UNRESOLVED NON MEDICAL CREDIT DIPUTES IN PLACE, PLEASE BE SURE TO REMOVE THEM BEFORE SUBMITTING YOUR APPLICATION.
WE CAN’T USE SCREENSHOTS. DOCUMENTS SHOULD BE SENT AS FULL PAGES AND CAN’T BE CUT-OFF.PLEASE SEND ALL DOCUMENTS AT ONCE/COMBINED, TO AVOID DELAYS / ANYTHING BEING MISSED.
Until your loan has funded, you may want to avoid:
• Opening any new accounts/large purchases/having anyone pull your credit
• Changing employers
• Moving large sums of money
• Gift funds are acceptable
PROTECT YOUR PRIVACY!
COMPANIES PURCHASE “TRIGGER” DATA, WHICH CAN CAUSE ADDITIONAL PHONE CALLS AND SCAMS. OPT-OUT HERE: https://www.optoutprescreen.com/, SCROLL DOWN TO CLICK HERE TO OPT-IN OR OPT-OUT, SELECT “Electronic Opt-Out for 5 years”, ENTER YOUR INFO, CLICK CONFIRM
Contact me with any questions,
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281-304-6353: Direct & Text | Apply
Fraud is on the rise. Always confirm source prior to sending personal info.
The Home Equity Network, LLC: H Mortgage
(281) 304-6353 - [email protected]
NO COST MORTGAGE QUOTE
NMLS #310856
NMLS Consumer Access
