Mortgage Loans & Benefits of Mortgage Pre-approval
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Transcript of Mortgage Loans & Benefits of Mortgage Pre-approval
![Page 1: Mortgage Loans & Benefits of Mortgage Pre-approval](https://reader038.fdocuments.in/reader038/viewer/2022100602/558b0b72d8b42afe758b4720/html5/thumbnails/1.jpg)
Mortgage Loan!
A Complete Checklist
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Did you find your dream home? Do you find any difficulty in arranging the cash to buy your property? All you have to do is get a pre-approval for the mortgage.
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Benefits of Mortgage Pre-approval
Informs what you can afford to spend.
Allow you to move fast, if you find your dream property.
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Improves the customer relationship with the seller, who may get multiple offers.
Unveils the hidden credit issues that you might be not aware of.
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Checklist - Mortgage Pre-approval
Choose the pay stub.
In most cases you already have the company website, there you can see the types of paystubs.
Tax Return and W2S/W3S.
You might need 2 years of W2S and 2 years of personal tax returns.
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Collect and check the bank statements.
You need the bank statement including the checking, saving, and investment account details.
Property Details and Documents.
Needs a recent mortgage statement, tax details, rental agreements, and insurance statements.
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1099 Income
Collect an income tax statement if you have additional income. You need to show the 2 years of 1099.
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If you are not able to coordinate the mentioned things, you can opt the help from a Mortgage Auditor. Darrell Rigley, one of the most famous person in Mortgage auditing, can help you in this situation. Follow the link for more details: darrellrigley.com