How to Find the Right Mortgage Lender
Finding the right mortgage lender can be one of the most important keys to your home buying success story. You’re just starting your search to purchase a new house - this is an exciting time! Before you begin touring homes, getting prequalified for a mortgage is the most crucial first step. Knowing the best way to get a mortgage loan can make all the difference in securing the right financing for your dream home. You don’t have to think about it on your own - we’re here to help you navigate this essential process.
You’re just starting your search to purchase a new house - this is an exciting time! Before you begin touring homes, getting prequalified for a mortgage is the key first step. You don’t have to think about it on your own - we’re here to help you.
Having years of experience on the market, I've learned how important a trustworthy mortgage lender is during your real estate journey. Put your faith in a leading lender awarded for the exquisite customer service and appreciated for the competitive offers. Choose the business that pair knowledge, individual approach, and integrity, taking care of the most satisfactory results for you.
Here’s a helpful suggestion checklist to get you started on your home buying journey:
- Personal documents
You’ll need two forms of government-issued ID, your social security number, divorce papers if applicable, as well as proof of ownership of other property. - Review your credit report
You should be able to do this free of charge. Be sure to dispute any errors or provide an explanation for late payments or derogatory items. Then, keep your credit score healthy by avoiding any new credit inquiries, canceling any credit accounts, or lowering limits with any creditors. Doing any of these things could lower your credit score. - Tax returns
You’ll need to provide tax returns for the previous year, and potentially for the last two years. - Proof of income
Gather W2s, paycheck stubs, 1099s, or a year-to-date profit and loss statement if you’re self-employed. You’ll also need to show other income sources such as Social Security, child support (and proof children’s ages), or government assistance. - Proof of assets
Provide bank statements, mutual fund statements, account balances for retirement accounts, 401Ks, IRAs, and any money held in the stock market. - Debt summary
You’ll need to provide a summary of your debts, monthly payment amounts, child support payments and balances for credit cards, student loans, car loans, other property loans. - Financial issues
You may need to provide a written explanation if you’ve had bankruptcy or other financial issues in the past. - Down payment and closing money ready
Have these funds ready in your bank account. If you received this money as a gift, you might need to provide a letter from the gifter explaining the gift is not a loan. - Renting
Compile proof for the past year with canceled checks or money orders to show rent was paid on time. - Mortgage pre-approval successful
Do some comparison shopping and contact other lenders. A home is likely the largest purchase you’ll ever make, do your homework to ensure you get a competitive deal.
If you would like a list of trusted lenders referrals, I am glad to provide that at any time! I'm happy to walk you through the process and help you find the mortgage lender you can trust.
