Applying for a Mortgage? 3 Easy Ways to Make the Process Easier — and Reduce Your Stress

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There are more than enough details involved in getting a mortgage and moving into your own home that you'll want to know how to make the process as seamless as possible beforehand. However, there's a chance you might not be aware of the things you can do to make it a little easier on yourself. If you're currently looking for a home and are wondering how to streamline the approval process, here are some things to do before applying to minimize mortgage-related stress. Get Electronic Documentation In order to get approved for your mortgage application, you'll need to provide documentation…
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4 Things You Absolutely Should Not Do After You Apply for a Mortgage

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If you have a good credit history and are prepared to invest in a home, you may be feeling pretty confident about the mortgage process. However, it's important to be aware that there are things that can have a negative impact on your application. Whether you've just submitted your documents or are getting close to it, here are some things you may want to avoid. Acquiring New Credit It may seem silly that something as minor as a new credit card can be a mark against your credit, but applying for new ones can be a bad sign to lenders.…
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5 Key Tips To Prepare For A Quick Mortgage Approval

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Whether you're finally prepared to get into the real estate market or you want to know how you can make a deal quick, there are a few necessary documents you'll need to prove your reliability to a mortgage lender. Here are the documents you'll want to have on hand when the time comes. Previous Tax Returns In order to ensure the earnings information you've provided to the lender, you'll need to have your tax returns for the two years prior to your mortgage application. In addition, you may also be required to provide your W-2s as backup documentation. Bank Statements…
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The 4-Step Financial Checkup to Get Ready for a Mortgage in 2018

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Are you ready to join the ranks of homeowners in our local community? Congratulations – homeownership is a big step towards building your net worth and financial freedom. However, it is also a significant transaction that will affect your finances for the foreseeable future. Let's take a look at a quick four-step checklist that will help you to get ready to buy a home with a mortgage in 2018. Step 1: Set Up A Monthly Budget It might sound a little basic, but the best first step is to commit to a monthly budget. After you buy a home using…
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In a Hurry to Buy a Home? Speed Your Mortgage Approval up by Following This Checklist

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Have you finally found your dream home after months of searching, only to discover that the seller has received other offers? Few circumstances can raise your stress level as much as finding yourself in a bidding war against another buyer. However, being unprepared by not having your finances in order can make the situation even worse. Let's take a quick look at a few ways that you can speed up your mortgage approval if you are in a hurry to buy your next home. Pull Your Credit Report ASAP The first step you will want to do is check your…
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Shopping for a Mortgage? Don’t Make These Key Mistakes That Trip Up First-time Buyers

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Are you ready to dive into the real estate market for the first time? Buying a new house, condo or apartment is an exciting experience that sets you on the path to building your net worth. However, if you are planning to take out a mortgage, you should be aware that there are some potential pitfalls to avoid. Let's explore a few of the key mistakes that first-time homebuyers make when they are shopping around for a mortgage. Mistake #1: Trying To Rush The Process The first mistake that you will want to avoid making is trying to rush the…
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Can I Buy a Piece of Land and Build a House on It With a Mortgage? Yes — Here’s How

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Have you been hunting for a new house without finding one that suits your needs? If so, one option that you may want to consider is building a new construction home on a choice piece of land. In today's blog post we will explore a few different mortgage options for those who are looking to build a brand-new home. Qualifying For A Construction Mortgage As with any mortgage product, the first step you will want to take is to begin the qualification process. As your lender does not have a completed house to use as collateral for your loan, qualifying…
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Considering a New Home Next Year? Start Now and Get a Jump on Improving Your Credit Score

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In the market for a new home in 2018? With the new year just a few short weeks away, that leaves you with precious little time to get your finances in order. Let's explore a few tips that will help you get a jump on improving your credit score before the end of the year. Grab A Fresh Copy The first step is to order a fresh copy of your credit report from one of the major agencies. The Fair Credit Reporting Act allows you to access a free copy of your credit report once every 12 months. So, if…
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Stuck in a Bidding War? 3 Ways to Win Without Busting Through Your Mortgage Approval Amount

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Are you making an offer on a new home in a hot housing market? If so, one possibility is that you are going to end up bidding against other buyers who are looking to buy the same home. Unfortunately, in some cases bidding wars are inevitable, and they can be a significant source of stress. Let's take a look at three ways that you can win a bidding war without having to spend more than you can afford. Price Is Important, But It's Not Everything The first consideration to keep in mind is that price is important, but it isn't…
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Man Vs. Machine: Why Using a Human Mortgage Professional Is Better Than Trusting an App

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Are you currently house-hunting or plan to be in the near future? If you plan on using mortgage financing to pay for your home, you will soon discover that there's no shortage of options available to you. You can meet with a local mortgage professional, apply for mortgages online and even download mobile apps that promise to set you up with a mortgage. However, is every option equal? Let's explore why, in the epic battle of man versus machine, you will want to place your trust in a human mortgage professional. Human Mortgage Professionals Have Local Experience The first and…
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