Credit is one of the most important parts of your home loan application. When applying…
Here’s my advice on how to approach your pre-qualification to buy a home.
Some people out there are under the impression that a pre-qualification can be done with a quick phone call. In some cases it can, but it really shouldn’t.
Hear me out: It’s really a good idea for you to provide concrete financial documentation at the time of pre-qualification. Whenever there’s any sort of question about your income, credit, or debt, having that documentation upfront makes any problems much easier to solve in the long run. Anything that needs to be done will be completed before you sign a contract anyway. A pre-qualification that’s backed with paperwork will make the process much less stressful for you.
Documentation will include pay stubs, tax returns, and other financial documents to get ahead of any hiccups that could happen, which ensures you’re approved and ready to buy when the time comes.
A pre-qualification backed by
paperwork makes the process much easier.
If you have any questions about buying a home or home loans in general, don’t hesitate to reach out via phone or email. I look forward to hearing from you soon.