About Financing a Home
First Things First
The single most important step on the road to home-ownership is to find a terrific Realtor®. And unless you plan to pay cash for your purchase, you’ll need a mortgage lender to assist you with financing a home. I recommend working with a local mortgage lender who can offer you face-to-face service and accountability. The best lenders are there to accompany you and your Realtor® to the closing table.
Obtaining a bank Pre-Approval Letter places you in the driver’s seat. By establishing yourself with a reputable lender from the start, you’ll know the price of home you can comfortably afford prior to viewing homes for sale.
When you find that perfect home, your Realtor® will present your Offer to Purchase accompanied by your loan Pre-Approval Letter. This shows the seller that you’re financially well qualified and serious about buying the property – ultimately giving your Offer to Purchase more weight.
When financing your home, the selection of a reputable lender is crucial. When comparing lenders, don’t focus solely on interest rates, as credit history, type of loan, and purchase price are all factors that determine the rate you’ll be offered by your mortgage lender. Because there are so many financing options available, it’s wise to obtain a Loan Estimate from more than one lender.
Which Lender is right for me?
I’ll be happy to meet with you to help evaluate your financing options and provide specific recommendations based on your unique financing requirements. The lenders I recommend to my clients must consistently provide outstanding, responsive service and smooth closings. My Preferred Lenders all meet the very highest standards in the industry.
What to bring to your lender appointment:
❉ W2’s for the past two years
❉ 2 Recent Pay Stubs
❉ 2 Months Bank Statements *all pages for all accounts*
❉ 2 Months Statements for: 401k’s, IRA’s, Stocks & Bonds