Nancy Eisele 630 776-1410
Coldwell Banker Residential Brokerage
Once you have chosen your mortgage lender, you will be pre-qualified for a loan ... meaning they will check your credit, ask questions regarding your employment, your savings, etc. ... to get a picture of your ability to buy and at what price of home you would qualify for purchase. I have a list I provide my clients, of those financial items that will be needed during most mortgage applications and processing. It provides a good starting point for you from which to work. It also prepares you for your financing and facilitates how quickly and smoothly the financing goes. You can find this helpful list at: http://www.genemundt.com/Required-Documents.html.
You have the ability to find and utilize any lender of your choosing/likiing for your financing. I suggest that you find someone with experience, referrals, testimonials, and a high success rate for mortgage closings.
I will also add that you received an answer from Evelyn Santiago below, a Broker that I have done multiple transactions with. You could do no better than working with Evelyn. She is a true professional, is experienced, and educated regarding the Elgin housing market, and its surrounding areas.
I would love to have the opportunity to speak to you about your mortgage lending needs, earn your trust, and your business. If I can be of assistance, please ... contact me via Trulia ... or through any means found on my website.
Best of luck to you moving forward,
You can start with your bank and get an idea of your credit worthiness and then you can shop around and find the best rate,However it is the FIRST step.
I am a Broker(20 years) and a Certified Appraiser,(10) years
I live in Elgin and have a new office in Lake in the Hills
Please give me a call if I may offer my assistance in your Home search.
Getting the pre-approval - not pre-qualification will give you a step up from other buyers. Interest rates flucuate on a daily basis so until you actual "lockin the interest rate" you are not guaranteed a particular rate.
Feel free to contact me if you need a referral to a loan originator with a solid track record of getting a loan to close with the least amount of stress!
However, a Realtor can suggest the names of some loan officers and lenders. You don't have to use them, of course. Use anyone you wish. However, the ones recommended by your Realtor are likely to be professional, experienced, and proficient and getting funding.
Hope that helps.
Please feel free to contact me directly if you have any further questions, I'd be glad to help.
All the best,
Roswell Moore, CMPS
Certified Mortgage Planner
We are a Direct Lender, Mortgage Bank where we originate, process, underwrite, fund, AND SERVICE our loans, in-house, with FHA (starting at a 580 score AND still only 3.5% down), FHA Streamline loans (NO minimum credit score, NO appraisal required) Go Green rehab loans, HomePath, Investor Friendly (10 financed properties), VA, USDA, Jumbo, Conventional, plus, we allow Escrow Hold-Backs!