Getting pre-approved for a mortgage in Kansas City is essential to buying a new home. Before you start looking for your dream home, it’s important to be prepared for the pre-approval process. The first steps are to know what a pre-approval letter is, what kind of documents you’ll need to obtain a mortgage, and how to find an exceptional mortgage professional.
Pre-approval proves to real estate agents and sellers that you:
Pre-approval letters can also give you a competitive advantage over other prospective homebuyers. In addition to helping you understand exactly how much home or land you can reasonably afford based on your personal information, a pre-approval letter gauges the amount of cash you will need for a down payment.
Obtaining a mortgage in Kansas City will require paperwork, but gathering the records can be easy and manageable if you know what is expected from you ahead of time.
Your loan officer will take a detailed look at your employment record, credit history, and financial assets and liabilities. Below is a list of some documents your loan officer will ask for when approving you for a mortgage in Kansas City.
By having these various documents ahead of time, you can significantly reduce the time spent on procuring a mortgage in Kansas City.
A simple way to make the home buying process easier is to find an experienced loan officer you can trust. Before working with a mortgage professional, it is a good idea to check your candidates’:
By performing a basic background check on your future loan officer, you ensure that you are working with someone who is reputable and honest. Your loan officer will be the person who guides you through the entire home loan process.
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The start of a new year is often seen as the time to make major changes in life. While many people resolve to start hitting the gym, losing weight, reading more, or making a career change, others may decide to buy a new home in the coming months. That’s a great goal, one that can […]
Buying a home is one of the most exciting events in a person’s life. A new home can mean a new direction, a major step forward, the beginning of a family or just a fun opportunity to live in a new state, city or neighborhood. It’s also a complex task that involves several important steps. […]
