Eric Axelson, Associate Broker
Kurfiss Sotheby's International Realty
Generally, as a lender, we will want to see all your funds prior to issuing a preapproval. I have been able to supply a preapproval to a buyer when they know that their annual bonus is paid out every May 15th for example and I am confident from reviewing their last 2 years of income history that this bonus does exist and will be available prior to closing. If someone who doesn't normally receive a bonus is banking on one to purchase a home, I wouldn't issue a preapproval letter. Generally we are tracking the time line discussed below by Philip - 30 days worth of preapproval/shopping time and 30 days or less to close. Please feel free to call me if you wish to further discuss your financing needs. I have worked in the lending industry for over 20 years and am confident I can assist you get the mortgage loan that best fits your needs.
Julie A. Horvath
555 Metro Place North, Suite 320
Dublin, OH 43017
NMLS ID: 563029
Philip J. Cunningham Sr
V.I.P. Realty Corporation
7942 Bustleton Ave
Best place to start is to hire an Exclusive Buyer Agent to represent you. EBAs represent home buyers only, and work to get you the best price and most favorable terms. You can go to NAEBA.org for a referral to an EBA in your area.
There is a book on Amaon called a"Buying a Home: Don't Let Them Make a Monkey Out of You". It will be the best $6 you've ever spent.