How much money will it cost you to finance a mortgage loan?
Purchasing a home is one of the biggest purchases of a lifetime. If this is your first time to finance a mortgage loan to purchase a house, the process can be overwhelming in preparing for the first meeting with a Mortgage Broker. Included here are some helpful tips to assist you in preparation for this process of applying for a loan.
Buyer’s Mortgage Loan Preparation Check List
Have the following information available to take with you to the Mortgage Broker to start the loan process:
Your Social Security Number
Current pay stubs; or if self employed, your tax returns for the past two years
Bank statements for the past two months
Investment account statements for the past two months
Retirement account statements for the past two months
Make and model of vehicles you own and their resale value
Credit card account information
Auto loan account information
Personal loan account information
Life insurance policy
Also if you currently own Real Estate, have the following available:
Mortgage account information
Home insurance policy information
Home equity account information, if applicable
A Pre-Approval Letter for a Loan from the Mortgage Lender is required by most Real Estate Agents before previewing properties for sale. You will definitely know with this letter what price range is acceptable for your financial future and what top price you can offer on a home.
Text or call the Martin Group 561-339-1779 and we will help you by making the Loan Qualification Process shorter and easier.
Using the Mortgage Loan Calculator
As you already know, there is a certain amount of money required to buy your next house. If you want to get a loan for your house, do you know how much your monthly payment will be?
Check out the Mortgage Loan Calculator which will give you a guess-timate of monthly loan payment amounts needed to purchase your next home.
Quick Process for Your Mortgage Loan
Our Mortgage providers understand that getting a quick loan helps you to move into your home faster. They have streamlined the process to ensure that the experience of obtaining your mortgage is as smooth and stress-free as possible. Currently over 70% of their loans are processed within 7 business days or less! Ask us about this by texting or calling the Martin Group at 561-339-1779.
Step 1. You submit an electronic application
Step 2. The underwriter aims to make a decision within 6 hours
Step 3. The loan is processed in 14 days
Step 4. The loan is ready to close!
Contact the Martin Group Real Estate Team
Need more info or want to make an appointment to preview a property? Email the Martin Group Team or Text/ Call the Martin Group at 561-339-1779. The Martin Group will not share or exchange this information with anyone. All information is kept confidential. We respect your privacy and dislike spam too!