Home Loan Approval

Home Loan Approval vs. Pre-Qualified Applicant

 

Hi. It’s Mack with One Trust Home Loans and thanks for being here. My NMLS number is 208691. And today, we’re going to talk briefly about being pre-qualified verses a home loan approval. You know, we find ourselves in a very tight inventory for houses that are for sale. It is very competitive out there. If you’re a first-time home buyer, it can be very challenging to find a home not only in your price range, but when you do, you find that you’re competing with other buyers.

Having a Home Loan Approval gives Buyers an Edge over Other Pre-Qualified Applicants

One thing that I know that will give first-time home buyers an edge in the market and even, you know, move-up buyers is to be pre-approved versus just pre-qualified. Now, in my 25-year career, the process for most home buyers starts with a pre-qualification wherein, you apply online or you apply in person, and we spend some quality time together, and discuss your goals. And we make sure that those goals are achievable based upon the income, the assets and make sure that the goals are achievable even within the framework of what you define for us with regards to your specific goals for down payment, closing costs and monthly payment.Loan Approval Process

Loan Approval Process Documents

Now, the home loan approval process takes the pre-qualification process several steps further. So, not only do we complete the loan the application,

Having A Home Loan Approval vs. Pre-Qualifed Applicantspend some time together and define your goals, but then we also put together the financial documents that are necessary to support the application, which include your W-2s for the most recent 2 years, pay stubs equal to 1 month’s income, 2 years tax returns, 2 months bank statements, appropriate identification, and some other items.  You can find a link with an approval checklist here on my video blog.

Now, what we do with that information is we not only just— Not only do we take and review it, but we submit your financial documents to an underwriter and request that the underwriter give us a pre-approval. And then we issue a pre-approval letter to you. And that letter in and of itself in a competitive situation where you are competing with other buyers can  make a difference in whether you get the property versus another person that didn’t take the process, that extra step to reassure a seller that you are indeed qualified to purchase a home.

I hope this was helpful. Please leave a comment and please tell us if there’s any of the material that you think would be of value to you that you would like to know more about. I’d be glad to share it with you. Thanks a lot.

200 thoughts on “Home Loan Approval

  1. This is very interesting, You are a very skilled blogger. I have joined your rss feed and look forward to seeking more of your fantastic post. Also, I’ve shared your web site in my social networks!

  2. You actually make it seem so easy along with your presentation however I to find this matter to be really one thing which I believe I might by no means understand. It seems too complex and very vast for me. I am looking ahead in your next post, I’ll attempt to get the cling of it!

  3. Pretty nice post. I just stumbled upon your blog and wanted to say that I’ve really enjoyed browsing your blog posts. After all I will be subscribing to your rss feed and I hope you write again very soon!

  4. Have you ever thought about writing an ebook or guest authoring on other websites?
    I have a blog based on the same information you discuss and
    would love to have you share some stories/information. I know my audience would appreciate your work.
    If you’re even remotely interested, feel free to shoot me an email.

  5. I am really enjoying the theme/design of your web site.
    Do you ever run into any browser compatibility issues?

    A couple of my blog audience have complained about my site not operating
    correctly in Explorer but looks great in Opera.
    Do you have any advice to help fix this issue?

  6. Howdy! I could have sworn I’ve been to this blog before but after
    reading through some of the post I realized it’s new to
    me. Anyhow, I’m definitely happy I found it and I’ll be bookmarking and checking back often!

  7. Its like you learn my thoughts! You appear to grasp so much about this, such as you wrote the book in it or something. I think that you just can do with some percent to drive the message home a little bit, but other than that, that is great blog. An excellent read. I will certainly be back.|

  8. Many thanks sir, my utmost gratitude for the effort of your
    team, i am a regular visitor to your website indeed, i thought to, (out of
    courtsey) provide some suggestion and feedback of my very own ,
    would be thankful if you could reply or acknowledge my suggestions to
    make this website more content focused .
    Regards.
    Rana Duggal.

  9. Many thanks sir, my utmost appreciation for
    the hard work of your team, i am indeed a regular visitor to your articles , i thought
    to, (out of courtsey) provide some suggestion and feedback of my very own , would be
    thankful if you could reply or recognize my recommendations to make this website more content oriented .

    Regards.
    Rana Duggal.

  10. Do you mind if I quote a couple of your articles as long as I provide credit and sources back to your weblog? My blog is in the exact same area of interest as yours and my visitors would truly benefit from a lot of the information you provide here. Please let me know if this ok with you. Thank you!|

  11. Thanks for sharing excellent informations. Your website is so cool. I am impressed by the details that you have on this site. It reveals how nicely you understand this subject. Bookmarked this web page, will come back for more articles. You, my friend, ROCK! I found simply the information I already searched all over the place and just could not come across. What an ideal web site.

  12. I must voice my gratitude for your kind-heartedness supporting individuals who need help on that study. Your personal commitment to getting the solution across has been amazingly functional and have continuously encouraged ladies like me to attain their desired goals. Your personal warm and helpful instruction entails much a person like me and even further to my mates. Thanks a lot; from everyone of us.

  13. What i don’t understood is in reality how you’re now not really much more neatly-liked than you might be right now. You’re very intelligent. You already know thus significantly on the subject of this subject, produced me in my opinion imagine it from numerous various angles. Its like men and women aren’t fascinated until it’s something to accomplish with Girl gaga! Your individual stuffs great. All the time deal with it up!

  14. What i do not understood is if truth be told how you’re no longer really much more smartly-appreciated than you may be now. You’re so intelligent. You already know thus considerably on the subject of this matter, produced me in my view consider it from numerous various angles. Its like women and men don’t seem to be involved until it’s something to do with Girl gaga! Your individual stuffs nice. At all times maintain it up!

  15. Thanks for your marvelous posting! I truly enjoyed reading it, you could be a great author.I will ensure that I bookmark your blog and may come back in the foreseeable future. I want to encourage you to continue your great posts, have a nice weekend!

  16. I wanted to send you one tiny note to help say thank you again for your great views you have shared at this time. It’s shockingly open-handed with people like you to convey openly just what numerous people could have sold for an ebook to earn some dough for their own end, especially given that you might well have tried it if you ever considered necessary. These basics likewise served to become a great way to recognize that some people have the identical fervor like mine to understand a great deal more on the subject of this matter. I think there are some more fun times ahead for many who examine your site.

  17. I’m impressed, I have to say. Really not often do I encounter a blog that’s both educative and entertaining, and let me let you know, you have got hit the nail on the head. Your idea is outstanding; the difficulty is something that not enough individuals are speaking intelligently about. I’m very blissful that I stumbled throughout this in my seek for one thing referring to this.

  18. My wife and i got really thankful when Jordan could conclude his inquiry with the ideas he got using your web pages. It is now and again perplexing just to happen to be making a gift of points the others could have been making money from. So we do understand we have the website owner to give thanks to for this. The specific explanations you made, the straightforward blog navigation, the friendships you can aid to foster – it’s got mostly fabulous, and it’s aiding our son and us know that the subject is cool, which is incredibly vital. Thanks for all!

  19. — I know EXACTLY what you mean. That’s another thing that’ll put me off adding a blog to my feed — showing up only to find the “countdown until I leave Korea” widget on the sidebar. Don’t expect mega k-blog hits if you don’t stick around….and honestly, if you stick around, eventually people will know who you are, even IF your blog isn’t that great. No, I’m NOT naming an example of that.

  20. I’m impressed, I need to say. Really rarely do I encounter a weblog that’s each educative and entertaining, and let me tell you, you’ve hit the nail on the head. Your thought is outstanding; the difficulty is something that not enough persons are talking intelligently about. I am very joyful that I stumbled throughout this in my search for one thing referring to this.

  21. You actually make it appear really easy together with your presentation but I
    to find this matter to be really something which I think I would by
    no means understand. It sort of feels too complicated and
    extremely extensive for me. I am looking ahead to your next
    put up, I’ll attempt to get the hold of it!

  22. I would like to express my thanks to the writer for rescuing me from this challenge. After browsing through the internet and seeing concepts that were not productive, I assumed my life was gone. Existing minus the answers to the issues you’ve resolved as a result of your good short post is a crucial case, as well as the kind that could have badly affected my entire career if I hadn’t discovered your web page. Your own personal training and kindness in maneuvering all areas was priceless. I don’t know what I would have done if I hadn’t discovered such a solution like this. I’m able to now look forward to my future. Thanks for your time very much for your professional and sensible guide. I will not be reluctant to propose your web page to anyone who needs recommendations about this subject.

  23. I am also writing to let you understand of the awesome discovery my daughter had viewing your site. She realized a lot of pieces, which include what it is like to possess a great coaching mood to get many people easily completely grasp a variety of multifaceted issues. You truly did more than readers’ expectations. Many thanks for showing these warm and friendly, healthy, explanatory and as well as unique guidance on your topic to Gloria.

  24. Good post. I study one thing more challenging on totally different blogs everyday. It will at all times be stimulating to learn content from other writers and practice somewhat one thing from their store. I’d prefer to use some with the content material on my blog whether or not you don’t mind. Natually I’ll provide you with a hyperlink in your web blog. Thanks for sharing.

  25. Can I simply say what a reduction to find someone who truly is aware of what theyre talking about on the internet. You definitely know the way to deliver an issue to gentle and make it important. Extra individuals need to read this and understand this aspect of the story. I cant consider youre not more well-liked because you definitely have the gift.

  26. Hi – in truth great web site you have created. I enjoyed reading this posting. I did want to publish a remark to tell you that the design of this site is very aesthetically delightful. I used to be a graphic designer, now I am a copy editor. I have always enjoyed functioning with information processing systems and am trying to learn code in my free time.

  27. Thanks a bunch for sharing this with all folks you actually realize what you’re talking approximately! Bookmarked. Please additionally discuss with my web site =). We will have a hyperlink alternate agreement among us!

  28. I will immediately take hold of your rss as I can not find your e-mail subscription link or e-newsletter service.

    Do you have any? Please permit me recognise so that I may just subscribe.
    Thanks.

  29. Hiya, I am really glad I’ve found this info. Today bloggers publish only about gossip and web stuff and this is actually annoying. A good web site with interesting content, this is what I need. Thank you for making this website, and I will be visiting again. Do you do newsletters by email?

  30. I was just doing some surfing on my Nokia Phone during my spare time at work , and I happened across something I thought was intriguing. It linked over to your site so I came over. I cant really figure out the relevance between your site and the one I came from, but your site good none the less .

  31. An interesting discussion is worth comment. I think that you should write more on this topic, it might not be a taboo subject but generally people are not enough to speak on such topics. To the next. Cheers

  32. My brother recommended I would possibly like this web site. He was entirely right. This put up actually made my day. You can not believe just how much time I had spent for this information! Thank you!

  33. Hi I am so thrilled I found your webpage, I really found you by accident,
    while I was looking on Yahoo for something else, Anyhow I am here now and would just like to say cheers for a tremendous post and a all round exciting blog (I also love the theme/design), I don’t
    have time to browse it all at the moment but I have book-marked it and also added your RSS
    feeds, so when I have time I will be back to read more, Please do keep up the fantastic b.

  34. An fascinating dialogue is price comment. I think that you should write more on this subject, it might not be a taboo subject however typically people are not sufficient to speak on such topics. To the next. Cheers

  35. I simply want to say I am all new to blogs and certainly enjoyed this blog site. Very likely I’m want to bookmark your website . You amazingly have great writings. With thanks for sharing your blog.

  36. I really like your blog.. very nice colors & theme. Did you design this website yourself or did you hire someone to do it for you? Plz answer back as I’m looking to create my own blog and would like to know where u got this from. cheers|

  37. Greetings from Carolina! I’m bored to death at work so I decided to browse your site on my iphone during
    lunch break. I really like the knowledge you provide here and can’t wait to take a look when I get home.
    I’m surprised at how quick your blog loaded on my cell phone ..
    I’m not even using WIFI, just 3G .. Anyhow, awesome site!

  38. I’m impressed, I have to admit. Rarely do I encounter a blog that’s both educative and amusing, and let me
    tell you, you’ve hit the nail on the head. The issue is an issue that not enough men and women are
    speaking intelligently about. Now i’m very happy that I found this
    during my hunt for something relating to this.

  39. I’ve been browsing online more than 2 hours today, yet I never found any interesting article like yours.
    It’s pretty worth enough for me. Personally, if all web owners and bloggers made good content as you did, the net
    will be a lot more useful than ever before.

  40. An interesting dialogue is value comment. I think that it’s best to write more on this topic, it may not be a taboo subject but usually people are not sufficient to talk on such topics. To the next. Cheers

  41. Oh my goodness! an amazing article dude. Thank you However I am experiencing challenge with ur rss . Don’t know why Unable to subscribe to it. Is there anybody getting identical rss problem? Anybody who is aware of kindly respond. Thnkx

  42. Great blog here! Also your web site loads up very fast!
    What web host are you using? Can I get your affiliate link to your host?
    I wish my site loaded up as quickly as yours lol

  43. I feel that is among the most significant information for me.
    And i am happy reading your article. However should statement
    on some common things, The site taste is wonderful, the articles
    is in reality nice : D. Good job, cheers

  44. Thank you for the auspicious writeup. It in fact was a amusement account it.
    Look advanced to far added agreeable from you! However, how
    could we communicate?

  45. Great blog here! Also your website quite a bit up
    fast! What host are you the use of? Can I am getting your associate hyperlink
    in your host? I want my site loaded up as fast as yours
    lol

  46. Aw, this was an extremely nice post. Spending some time and actual effort to make a good article… but what can I
    say… I procrastinate a lot and don’t manage to get nearly anything done.

  47. Thanks , I’ve recently been looking for information about this topic for ages and
    yours is the best I’ve came upon so far.
    However, what concerning the bottom line? Are you sure in regards to the supply?

  48. Excellent goods from you, man. I have understand your stuff previous to and you’re just
    too magnificent. I actually like what you have acquired here, really like what you’re saying and
    the way in which you say it. You make it entertaining
    and you still take care of to keep it wise. I can not wait to read much more from you.
    This is actually a wonderful site.

  49. After I originally commented I appear to have clicked
    on the -Notify me when new comments are added- checkbox and from now on whenever a comment is added I receive 4 emails with the
    exact same comment. There has to be a means you are able to remove me from that
    service? Thank you!

  50. Oh my goodness! Incredible article dude! Many thanks, However I am encountering
    issues with your RSS. I don’t know why I am unable to
    join it. Is there anybody getting the same RSS problems?
    Anyone who knows the solution will you kindly respond?
    Thanx!!

  51. I think this is among the most important info for me.
    And i’m glad reading your article. But wanna remark on few
    general things, The site style is wonderful, the articles is really nice :
    D. Good job, cheers

  52. You can certainly see your expertise in the work you write.
    The world hopes for even more passionate writers such as you who are not afraid to mention how they believe.
    Always go after your heart.

  53. After looking at a handful of the articles on your blog, I
    honestly like your technique of blogging. I saved it to my bookmark site
    list and will be checking back in the near future. Take a look at my website too and
    let me know how you feel.

  54. Hey there! I could have sworn I’ve been to this site before but after reading through some of the post I realized it’s new to me. Nonetheless, I’m definitely glad I found it and I’ll be bookmarking and checking back frequently!|

  55. You actually make it seem so easy with your presentation but I find this topic to be actually something which I think I would never understand. It seems too complicated and very broad for me. I’m looking forward for your next post, I will try to get the hang of it!|

  56. Great post. I used to be checking continuously this weblog and I’m impressed!
    Very helpful info particularly the final section 🙂 I care for such info much.
    I used to be looking for this certain information for a long
    time. Thank you and best of luck.

  57. Can I just now say what a relief to uncover a person that actually knows what theyre speaking about online. You actually know how to bring a worry to light and earn it crucial. More and more people need to look at this and understand why side from the story. I cant believe youre less well-liked because you definitely provide the gift.

  58. Excellent goods from you, man. I’ve bear in mind your stuff previous to and you are just too wonderful. I actually like what you have acquired right here, certainly like what you’re saying and the way through which you assert it. You are making it entertaining and you continue to take care of to stay it smart. I can not wait to learn far more from you. This is really a tremendous web site.|

  59. Hi Bro, Thank you very much for your writing and your article and I wish you continued success. Please try to produce such valuable content in the following processes. In addition to this article, I am very happy to see your unique content.

  60. I am extremely impressed with your writing skills and also with the layout on your blog. Is this a paid theme or did you customize it yourself? Either way keep up the excellent quality writing, it is rare to see a nice blog like this one today..

  61. Excellent blog right here! Also your site rather a lot up very fast! What web host are you the use of? Can I get your associate link for your host? I wish my web site loaded up as quickly as yours lol

  62. Generally I do not learn article on blogs, however I would like to say that this write-up very compelled me to try and do it! Your writing taste has been amazed me. Thank you, quite nice article.

  63. I was just seeking this information for a while. After six hours of continuous Googleing, finally I got it in your site. I wonder what is the lack of Google strategy that don’t rank this kind of informative web sites in top of the list. Usually the top web sites are full of garbage.

  64. Hi Bro, Thank you very much for your writing and your article and I wish you continued success. Please try to produce such valuable content in the following processes. In addition to this article, I am very happy to see your unique content.

  65. Thank you for some other informative website. Where else may I get that type of info written in such an ideal way? I’ve a mission that I’m just now operating on, and I’ve been on the look out for such information. egecbafaadfdbddk

  66. Hi Bro, Web Macaw, Thank you very much for your writing and your article and I wish you continued success. Please try to produce such valuable content in the following processes. In addition to this article, I am very happy to see your unique content.

  67. Hi Bro, Thank you very much for your writing and your article and I wish you continued success. Please try to produce such valuable content in the following processes. In addition to this article, I am very happy to see your unique content.

  68. I think everything said was very logical. But, think on this, suppose you were to create a awesome post title? I mean, I don’t wish to tell you how to run your website, however what if you added a headline that grabbed folk’s attention? I mean BLOG_TITLE is a little boring. You might peek at Yahoo’s front page and watch how they create post headlines to get viewers to click. You might try adding a video or a picture or two to get readers interested about what you’ve got to say. Just my opinion, it could bring your blog a little bit more interesting.|

  69. This is some enjoyable stuff. It took me a while to locate this website but it was worth the time. I noticed this page was buried in google and not the number one spot. This web site has a ton of nice stuff and it does not deserve to be burried in the search engines like that. By the way Im going to save this website to my favorites.

  70. I think everything posted was actually very logical. But, think about this, suppose you composed a catchier post title? I mean, I don’t wish to tell you how to run your blog, but what if you added something to possibly grab a person’s attention? I mean BLOG_TITLE is a little vanilla. You could glance at Yahoo’s front page and see how they create article headlines to get viewers interested. You might try adding a video or a related pic or two to get people interested about what you’ve got to say. In my opinion, it would make your posts a little bit more interesting.|

  71. Hi. I just noticed that your web site looks like it has a few code errors at the very top of your website’s page. I’m not sure if everybody is getting this same bugginess when browsing your site? I am employing a totally different browser than most people, referred to as Opera, so that is what might be causing it? I just wanted to make sure you know. Thanks for posting some huge postings and I’ll try to return back with a completely different browser to check things out!

Leave a Reply

Your email address will not be published. Required fields are marked *