Top 3 Ways Buyers can prepare for a mortgage Preapproval

Top 3 Ways Buyers can prepare for a mortgage Preapproval

  1. Lenders are going to ask for documents- Be prepared and know how to access those documents. Don't wait until you're filling out an application to find out you don't know where to look, don't have a password, no reliable computer etc... This will help your loan officer work more efficiently and make your life easier.
  2. Lenders need to know details about your past employment - It's important to know the names, contact info and dates that you were employed. Try to gather that info before sitting down to fill out an application.
  3. Finally, a great mortgage experience starts with a complete, accurate application- Fill out all areas on the application as completely and accurately as possible. Don't skip sections and if you're not sure about something ask for lender for their advice.

A little preparation will go a long way to help you with your mortgage process.

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