Blog Details

 November 21, 2019

We help take the fear out of the mortgage process.

For many, the mortgage process can be scary, but it doesn’t have to be!

In order to qualify in today’s market, you’ll need a down payment. The average down payment on most loans is 3% although there are zero down payment loans which you should speak to your mortgage consultant about.

A considerable number of potential buyers shy away from the real estate market because they’re uncertain about the buying process – particularly when it comes to qualifying for a mortgage.

Once you’re ready to apply, here are 5 easy steps that we suggest:

  1. Find out what your current credit score is– Even if you don’t have perfect credit, you may already qualify for a loan. Depending on your credit history and score, you may have multiply mortgage options to choose from.
  2. Gather your income documentation– The documents you will want to gather are: 2 years W-2’s and tax returns, 30 days recent paystubs and 2 months worth of bank statements.
  3. Consult with your mortgage consultant– He or she will review your income, expenses, and financial goals in order to determine the type and amount of mortgage you qualify for. This is a usual must when shopping for a home and putting in an offer on a home. Most sellers want to know you are serious and usually want a pre-qualification letter.
  4. Contact a professional– Find a real estate agent in your area who will navigate you through the home search process. Working with a real estate agent can make finding a home a much easier process.

Contact us today to take the first step.