If you don't find the answer that you are looking for, just contact us and we'll get you the right answers.
Being pre-qualified is based on your provided information, which will then give you an estimate on the amount that you are able to borrow. A Pre-approval means that your information is evaluated thoroughly. It is a closer estimation of how much you will be approved for.
You [and your co-borrower, if applicable] will need the following documents when applying for a loan:
• Social Security Number
• 2 Years Proof of Employment (If self-employed then please provide most recent 2 years business tax returns and current YTD profit/loss statements as well as balance sheets)
• 2 Most Recent Paystubs
• 2 Most Recent Years of Tax Documents (W-2 statements and tax returns)
• Bank Account Information (2 Most Recent months of asset statements-checking, savings, retirement, etc.)
• Credit Information (Provide details of any new accounts or accounts not currently reporting on your credit report such as: )
• Monthly Expenses (Housing, etc.)
There are many factors that could impact the type of loan that you qualify for. You could reach out to your local loan originator to find out what loan you qualify for. If you need more information on the various types of loans, check out our Loan Types page.
An appraisal is the process of having a licensed and trained individual report on the worth of a home. This individual is completely unbiased and will be able to provide the lender, buyer and seller an accurate value of the home. Having an appraisal done on the home establishes protection for all parties involved. They will determine if repairs are needed, if the price is fair in comparison to other homes within the area, and a detailed report calculating the true value of the home.
An interest rate is the amount it will cost you to borrow the principal loan amount. It could either be a variable or fixed amount and will always be expressed in percentage form. An APR measures a mortgage and includes the interest rate plus discount points, closing costs and broker fees. APR’s are expressed in percentage form.
Closing costs include:
• Loan Origination fees
• Appraisal fees
• Discount Points
• Title Insurance
• Credit Report charges
• Deed-recording fees
• Title Searches
Refinancing is when you replace your current loan with a new loan. This new loan should include improved terms and features than the prior loan. If your current loan is too expensive or risky, then you should look into refinancing. Typically, refinancing is beneficial because you can: Save money Lower your payments Shorten your loan term Change your loan type Consolidate your debts Pay off a Loan with a Due-date or balloon payment
Yes, you can qualify for a mortgage as long as the seasoning requirements for the specific loan type have been met. This is something you can discuss with your Loan Originator in detail.
Brad made our experience amazing every step brad took was to benefit us in every way possible. I would highly recommend brad and his team to anyone I can
Thanks so much! Very friendly and helpful along the process. Lori and Casey went out of their way to help me close!
There's more to a mortgage than just banks and interest rates. Kerry and his team showed us that like clothing, mortgages aren't one size fits all. Kerry helped us find the right mortgage that fit our needs and made the process as simple as it could be. From the communication to the secure document site, where we could upload all of our documents and see the status of the loan, we always felt like we were on top of the process.
Lori and her team kept us up to date on our loan status. Anytime we need to answer or give the underwriters information they contacted us and we responded to them immediately. The whole team was so friendly and professional.
Mason has helped us close our last three home purchases. His attention to detail and desire to see that his customers are happy makes him a great choice as a mortgage broker.
It was easy to ask questions and get answers quickly. Thank you Bud!!
What made my experience great was the fact William Ginty was on my side and steered me in the right direction. With what I had to do I could of been taken advantage of and William AKA Bill made sure I made the best choice. Thanks again
Look no further - Joe and the entire staff always makes the home buying process seamless and easy. I would and do recommend them to anyone looking to finance their next home purchase.
This is the smoothest transaction I’ve ever worked. I will absolutely suggest Gina and The Mortgage Firm to more people.
Mary and her team were incredible during every step of the process. We had a tight timeframe and they were able to make it happen without any problems. Great experience!!
Darlene is a real PROFESSIONAL. She's highly attentive and focused on her customer's needs. She made herself readily available and contributed to a smooth effortless process which, by nature, is stressful in itself. I would highly recommend Darlene and thank her for all her hard work on my mortgage.