In order to get a Qualified Mortgage with the best terms and rates, you need to understand your debt-to-income ratio. Learn more and save big. http://www.swohiorealestate.com/blog/home-loans-debt-to-income-ratio.html #Mortgages #realestate
You’ve Saved Up A Down Payment, You’re Pre-Approved For A #Mortgage, You’ve Found A Place You Love. Now, HEADS UP! There’ll Be All Sorts Of Extra Fees and Charges Coming At You. With This Handy Chart You’ll Be Prepared For The Hidden Costs That Come With Buying A #Home. -Review Journal #HomeBuyingTips
The main difference between a pre-approval and a loan application is that there is no specific property when a pre-approval is issued. A pre-approval means that your mortgage consultant will gather all the necessary information to give you a full approval, subject to a successful appraisal… giving you the same negotiating strength as a cash buyer. It also means that you will be able to close your loan quickly and the seller can move into their new home faster.
Documents Needed for Mortgage Application [Infographic]
Documents Needed for Mortgage Application [Infographic] Basic rundown of what YOU will need to gather together before you head over to the mortgage loan officer's office. (Because a pre-APPROVAL is ESSENTIAL in the current real estate market!)