MortgageMack – Your Guide to Home Loans in Texas
Helping Texans find the right mortgage solution for their home and financial goals.
This may sound like an extreme option, but more people are considering renovating their homes instead of moving. It’s hard for some to let go of their mortgage rates. Here are some pros and cons to weigh as you examine your options. If you have questions about the market, I’m here to help! #thehelpfulLO #home #house #listreports #homereno #realestate #lo081324 #investment #mortgage #loanofficer #dreamhome
It’s true, they take work, and sometimes money. Curious about your refinance options and the best upgrades for your investment? I can help! Send me a message and let’s talk! #thehelpfulLO #home #house #dreamhome #lo080224 #homeimprovement #listreports #homereno #reno #style #homestyle #realestate #refi #loanofficer #mortgage
Considering renovations? Refinancing could be the key to unlocking your dream upgrades. Let’s discuss your options and make your home everything you’ve ever wanted. Contact me today! #thehelpfulLO #home #houseexpert #house #listreports #homeowner #lo072924 #homereno #dreamhome #realestate #investment #mortgage #loanofficer
Thinking about renovating or remodeling your home? 🛠️🏡 Let’s unlock the potential of your space and increase its value! Contact me today to explore the best financing options for your project. 💰✨ #thehelpfulLO #home #house #listreports #homeowner #homereno #homestyle #happyhome #dreamhome #realestate #investment #mortgage #loanofficer
Home remodeling is more than just improving your space; it’s an investment in your future. The benefits are endless, from boosting property value to enhancing your quality of life. Ready to embark on your remodeling journey? Let’s discuss your financing options today! #thehelpfulLO #home #house #listreports #mortgage #loanofficer #homereno #homestyle #investment #realestate #happyhome #happyhomeowners
Roof replacement decisions are a bit like finding the “just right” moment. 🏠☔ Let’s talk about how to align your home improvement plans with your financial goals. Your perfect timing is our priority! #thehelpfulLO #home #house #listreports #homeowner #happyhomeowner #hometips #homereno #realestate #mortgage #loanofficer #investment #finances
Not every renovation needs to be a major undertaking. Here are some ideas that will change your space without a huge price tag. What ways do you freshen up your home? #thehelpfulLO #home #house #listreports #happyhomeowners #investment #mortgage #loanofficer #homereno #renovations #homediy #hometips #happyhome #realestate
Spring has sprung and it’s a great time to search for a new nest! Time to branch out and find the home loan that’ll make your new home dreams bloom 🌸🏠🌼 #thehelpfulLO #home #house #listreports #mortgage #loanofficer #realestate #husehunting #icanhelp #investment #springtime #springintoaction #happyhome #happyhomeowners #dreamhome
Let’s talk about home renovations
Some home features will grow on you, and some you might need to change. If you want to renovate, let’s talk about your financing options. #thehelpfulLO #home #house #listreports #homeowner #realestate #happyhome #homeowners #happyhomeowners #dreamhome #mortgage #homereno #renovations #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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