Home Buying in 77450>Question Details

Ken Whitcher, Home Buyer in 77469

How do you get pre-approved?

Asked by Ken Whitcher, 77469 Wed Jun 4, 2008

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Answers

12
GETTING PRE APPROVED FOR A MORTAGE TAKES A FEW STEPS.
FIRST HAVE 2-3 YEARS OF TAX RETURNS, RECENT PAY STUBS AND A GOOD WORK HISTORY. YOU MORTGAGE REP WILL RUN YOUR CREDIT AND SEE HOW YOUR SCORE IS.
A GOOD REP WILL ADDRESS ANY PROBLEMS YOU MAY HAVE AND EVEN HAVE YOU CONTACT THE 3 CREDIT AGENCIES. SOMETIMES A MAR ON YOUR REPORTS CAN BE REPAIRED BY CONTACTING THEM AND PROVIDING A LETTER OF EXPLANATION.
A LITTLE ADVICE TO THE PERSPECTIVES BUYERS OUT THERE; TALK TO 2 OR 3 MORTGAGE REPRESENTATIVES BEFORE MAKING A COMMITMENT TO CHOOSE ONE FOR THEIR SERVICES.
THE BETTER CREDIT YOU HAVE THE EASIER THE PROCESS AND OF COURSE THE BETTER THE INTEREST RATE YOU'LL RECIEVE!
Web Reference: http://WWW.BOBSHOMES.NET
1 vote Thank Flag Link Wed Jun 4, 2008
Ken, I have a great loan officer that works day and night to help my clients reach ther Real estate needs. I would be glad to connect you with them. Please contact me at your convenience!

Thank you,

Geralda Botnick
Champions Real Estate Group
818-633-0687
http://www.geraldabotnick.com
http://www.geraldabotnick.com/?pgcnfID=75308
0 votes Thank Flag Link Fri Apr 11, 2014
Just go to where ever you bank, your credit union or call any mortgage broker, let them know that you want to be pre approved and they will help you out... Its easy and lets you know exactly what you can afford
0 votes Thank Flag Link Fri Dec 6, 2013
Contact a couple reputable lenders, they will get you started by telling you what they will need from you. My advice is stay local and stay away from the big banks. Ask your realtor for some referrals.

Gail A. Shimaitis
Davy Oakum Properties - Houston
713-854-6646
0 votes Thank Flag Link Fri Dec 6, 2013
You will want to check with as many sources as possible. Once you have chosen a mortgage lender...then go forward with the process. Do not give out personal info like your social security number until you know who you will be using. Get a rate lock and move forward. My general suggestion is to make sure you add Wells Fargo to your list...contact us at http://www.KatyHomeFinder.com if you want a recomendation for the area.
0 votes Thank Flag Link Wed Nov 12, 2008
Hi Ken,

You can go to our awesome loan officer's website, Katie Sparkman, at CMC Mortgage at http://www.katiesparkman.com and get pre-approved online. There's also a FAQ section to answer most any question you may have about how you get pre-approved. You can ask her questions at ksparkman@houseloan.com.

Happy to help,
Terri Hayley
0 votes Thank Flag Link Wed Jun 4, 2008
Ken,
Pre qualification, and pre approval are two diffierent animals. Do not get them confused. If you pay the money get the letter.

Marg
0 votes Thank Flag Link Wed Jun 4, 2008
Ken

Pre-Approval is a relatively easy process. Your Realtor can suggest several lenders for you to contact. Once you decide on one you will need to fill out a Loan Application. The lender can tell you what documentation you will need to provide. Once he reviews the application and documents he can determine how much you can qualify for and give you a pre-qualification letter to use when making an offer to purchase property.
0 votes Thank Flag Link Wed Jun 4, 2008
Ken,
Get all your financial information together. Have you been on your job or in the same industry for 2 years.
Have you owned a home or do you have proof ( good) of rental history for a year. Do you have your tax returns . Get this all in order, Go to your bank or a good Mortgage Broker, If you know someone that has purchased recently ask for a reference. Do not go mortgage shopping. Each time your credit score is pulled it will go down, and by the way quit filling out applications for credit for anything until you get your home. Your bank or mortgage company will give you a pre-approval letter depending on your income, credit score and debts. THEN

Happy House Hunting

Marg
0 votes Thank Flag Link Wed Jun 4, 2008
Hi Ken,

In order to get pre-approved you need to fill out an loan application or contact a loan officer. They will determine if you credit, income, debt will allow you to get a loan AND how much of a loan you qualify for.
There are some great FHA programs out there right now and this is a great time to buy. I woul love to answer any questions you might have in more detail. Please feel free to contact me at your convenience.

Hope this helps.

Juan Carlos
Web Reference: http://www.har.com/jch
0 votes Thank Flag Link Wed Jun 4, 2008
This article should answer your questions....

http://getprequalified.com/steps-buying-home.php
Web Reference: http://getprequalified.com
0 votes Thank Flag Link Wed Jun 4, 2008
Call Doug Cellner at First Houston 832-816-9374 and he will walk you through the whole loan process.
0 votes Thank Flag Link Wed Jun 4, 2008
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