How much money will it cost me to finance a mortgage loan for a home?

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

• 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.

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 about 14 days Step 4. The loan is ready to close!