MortgageMack – Your Guide to Home Loans in Texas
Helping Texans find the right mortgage solution for their home and financial goals.
“53 percent of 2021 home buyers say outdoor living space is the most influential feature when deciding to make an offer, while 44 percent want adequate office space.” Which is more important to you? #thehelpfulLO #home #house #listreports #wouldyourather #homeoffice #backyard #happyhome #dreamhome #happyhomeowners #mortgage #loanofficer
Paying off a home is a major milestone. If buying a home is what people dream of, paying off a home is that dream realized. #thehelpfulLO #home #house #listreports #mortgage #loanofficer #finances #investment #happyhomeowners #realestate
You should set aside money each year for your home’s maintenance, repairs, and upgrades. A good place to start is 1-4%. If you want to do more substantial work on your home, you might want to look into additional finance options. I can answer any questions you have about financing for major work on your home. #thehelpfulLO #home #house #listreports #finances #happyhomeowners #smartmoney #investment #moneytips #mortgage #loanfficer #realestate
When buying a home, you must know how much you can afford. Understanding all of the details of your mortgage and knowing money-savvy tips to help you save is important too! I can help you navigate this trickiness; send me a message or leave a comment below! #thehelpfulLO #home #house #listreports #homeowner #finances #mortgage #mortgagetips #loanofficer #investment #smartmoney #icanhelp #themoreyouknow #realestate #happyhomeowners
What not to worry about when buying a home
Buying a new home already has a built-in set of worries, so here’s a list of things you shouldn’t worry about. If you’d like to take stressing less one step further, work with a loan officer that really knows their stuff – work with me! I’ll help alleviate your stress so you can focus on enjoying your new home! #thehelpfulLO #home #house #listreports #icanhelp #lessstress #stressless #husehunting #homebuyer #newhome #realestate #happyhomeowners #mortgage #loanofficer
Being pre-approved can make your offer more attractive to a seller in a competitive seller’s market.
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.
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
Now, the home loan approval process takes the pre-qualification process several steps further. So, not only do we complete the loan the application,
spend 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.
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