Buying a home can be challenging sometimes as there are so many steps, tasks and requirements involved. Don’t worry, I will assist you to navigate the mortgage process in an easy and stress free manner.
It is very exciting to buy your first home, get in touch with Satinder who will guide you through the entire process.
DOCUMENTS REQUIRED TO APPLY FOR A HOME LOAN?
There are some documents required for the home loan. They are mentioned below:
Fully filled and signed application form
Identification and Residence proof
Cheque for processing fee
Bank Statement of last 6 months
PRE-APPROVAL
Getting home loan pre-approved makes your life easier because you will be knowing that how much you can afford. Not only this once you get the home loan approved then you can shop for the homes in your budget instead of wasting your time. Also if the loan is pre-approved then it gives sellers a confidence that you are interested in buying the home and the mortgage lender has already checked out and is willing to give you a loan.
THINGS THAT AFFECT YOUR HOME LOAN APPLICATION AND APPROVAL PROCESS
There are numerous factors that will help decide the loan application fares with a lender you have chosen to apply with. The factors are:
Age
Income Bracket
Property Type and its location
Market value of the location
THINGS YOU SHOULD KEEP IN MIND BEFORE APPLYING FOR A HOME LOAN?
A home loan can sometimes become very difficult if all the details are not considered properly and in detail. So here are some things that you should keep in mind before applying for the loan:
Your Borrowing Capacity
You should not opt for a higher loan amount just because you have a greater pay check. You should always understand and check your borrowing capability and then apply for the home loan. Not only this have a list of all your expenses and income of the month.
Pre-approval
It is the most important and forecast step and I will assist you with your mortgage application and all the necessary things you need to know.
Full Approval
Once you have finalized the home, I will find a lender who will lend you the money to purchase the home at the lowest interest rate so that your mortgage is processed quickly.
Down-Payment
It is always preferable to have the down payment in your account for 90 days before applying for mortgage so as to have smooth process.
Paperwork
I will review the paperwork required so to avoid mistakes in the later stage of approval.
Satinder VV
Buying a home can be challenging sometimes as there are so many steps, tasks and requirements involved. Don’t worry, I will assist you to navigate the mortgage process in an easy and stress free manner.
It is very exciting to buy your first home, get in touch with Satinder who will guide you through the entire process.
DOCUMENTS REQUIRED TO APPLY FOR A HOME LOAN?
There are some documents required for the home loan. They are mentioned below:
PRE-APPROVAL
Getting home loan pre-approved makes your life easier because you will be knowing that how much you can afford. Not only this once you get the home loan approved then you can shop for the homes in your budget instead of wasting your time. Also if the loan is pre-approved then it gives sellers a confidence that you are interested in buying the home and the mortgage lender has already checked out and is willing to give you a loan.
THINGS THAT AFFECT YOUR HOME LOAN APPLICATION AND APPROVAL PROCESS
There are numerous factors that will help decide the loan application fares with a lender you have chosen to apply with. The factors are:
THINGS YOU SHOULD KEEP IN MIND BEFORE APPLYING FOR A HOME LOAN?
A home loan can sometimes become very difficult if all the details are not considered properly and in detail. So here are some things that you should keep in mind before applying for the loan:
Your Borrowing Capacity
You should not opt for a higher loan amount just because you have a greater pay check. You should always understand and check your borrowing capability and then apply for the home loan. Not only this have a list of all your expenses and income of the month.
Pre-approval
It is the most important and forecast step and I will assist you with your mortgage application and all the necessary things you need to know.
Full Approval
Once you have finalized the home, I will find a lender who will lend you the money to purchase the home at the lowest interest rate so that your mortgage is processed quickly.
Down-Payment
It is always preferable to have the down payment in your account for 90 days before applying for mortgage so as to have smooth process.
Paperwork
I will review the paperwork required so to avoid mistakes in the later stage of approval.