Interested in the Monthly Average Commitment Rate & Points
on 30-Year Fixed-Rate Mortgages Since 1971?
Check
out FreddieMac's historical chart
While I strongly encourage clients to shopping for a mortgage loan with at
least two companies before signing anything, it's absolutely essential
that you do more than simply compare "rates" because predatory lending is
at an all-time high and you don't want to find yourself falling for a
"bait-and-switch" loan program because it will cost you big-time down the
road!
If you don't know who to trust, call me at 303-520-3179 and I will
put you in touch with a local & reputable mortgage loan officer who will
make sure you get the best loan package possible without all the gimmicks
or high-pressure.
How Do I get "Pre-Qualified" for a Loan?
Getting pre-qualified for a home loan is an essential part of the home
buying process. It helps prevent you from looking at and falling in
love with properties that you simply can't afford.
The pre-qualification process
is relatively painless and can be done over the phone in about 10-minutes
with reputable mortgage loan officer. Be prepared to be open and honest
about your financial situation and provide complete information.
Once you decide to apply for a home loan, this is the information you will
need to get together for your loan application:
1.
W-2's for the past 2 years
2. Most recent paycheck stubs covering
the last 30 days
3. Residence addresses for the past
2 years
4. Names & addresses of each employer
for the past 2 years
5. Last 2
months bank statements for all checking/savings accounts
6. Names, addresses, account #'s &
monthly payments on all open loans
7. Addresses of any other real estate
owned
8. Loan information on all real estate
owned
9. Money for credit report and
appraisal
10. Landlord names and addresses -
past 2 years
11. FHA loans: Photo ID and Social
Security card
What is the difference between pre-qualifying and pre-approval?
CLICK HERE FOR AN EXPLANATION
If you have any questions
about this mortgage calculator or just want someone to talk to about the
whole process without any pressure or obligation, call me at 303.520.3179 and I'll be happy to
meet with you.
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