Matt Padgett with Keystone Mortgage gets asked often, What documents do you need to pre-approve for a mortgage?” There are only four documents that are needed to pre-approve for a mortgage. 1. Two years of tax returns 2. Two years of W-2’s 3. 60 days or 2 months of bank statements 4. 1 month worth…
DetailsA question I get all the time is, “How Much of a Down Payment Do I Need?” To answer how much of a down payment you will need, it depends on the loan type. For a conventional mortgage, you need at least a 3% down. The three percent is kind of like a new down…
DetailsPeople ask me, “What Does an Underwriter Look For on a Mortgage Loan?” There are three things: First of all they’re looking for income. They’re looking for consistent income that shows you your ability to pay the monthly debts and they really like for this income to be consistent over a period of time such as two…
DetailsPeople often ask me “How do I get good credit?“ “Whether I’ve had bad credit in the past or I’ve had no credit, what’s the best way to ensure in the future that I have a good credit score and a good credit history?” Well, first of all you have to have good open accounts.…
DetailsPeople ask me often when is the best time to start looking for mortgage if I’m going to buy a home? Well the easy answer is to start the mortgage process as soon as possible. Whether you have to sell a home before you purchase or you currently rent, give us a call early. Let’s…
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When it comes to lifetime markers getting a first mortgage is a major event. With a mortgage you’re magically transformed from occupant to owner and from tenant to titleholder. Applying for a mortgage used to be seen as a battle of sorts, a competition where the only winners were those who sold headache remedies…
DetailsHome loans help purchase new homes or refinance the home you officially own. Regardless of which sort of home loan you are seeking, the tips and traps underneath will help you get it easier, effortlessly and at a manageable rate. One must have a specific end goal to be qualified for a home loan,…
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Applying and securing home loans is considered to be very important. You can cost yourself a large sum of money on the off chance that you don’t recognize what you are doing with home loans. Readthis article in full to look into the how to’s of a home loan. Early readiness for your home loan application…
DetailsHouse hunting is fun, yet the mortgage process is distressing. There are numerous things that must be contemplated before getting approved. These tips will help you through the methodology of getting a loan. In the event that you know you need to seek a home loan, get prepared before you anticipate doing it. Purchasing a…
DetailsIs getting a mortgage something that you are looking for however have no clue what it takes to fit the bill for one. Don’t stress, this is something many individuals are managing as well. Quite a few people are unable to avoid the fact that they’re not meeting the prerequisites that it takes to get…
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