MortgageMack – Your Guide to Home Loans in Texas
Helping Texans find the right mortgage solution for their home and financial goals.
Ready to make the leap to homeownership? I’m here to guide you every step of the way! Let’s secure the perfect mortgage together and turn your homeownership dreams into a blissful reality. #thehelpfulLO #home #house #listreports #homeowner #househunting #happyhomewner #realestate #mortgage #loanofficer #investment #icanhelp
Light up the sky with red, white, and BOOM! Wishing everyone a spark-tacular 4th of July filled with explosive joy, dazzling fireworks, and unforgettable moments. #thehelpfulLO #home #house #listreports #independenceday #4thofjuly #mortgage #loanofficer #celebrate
Nothing beats the feeling of heading home after a long day. The comfort of your own space and the familiarity of your surroundings is truly the best part of the day. #thehelpfulLO #home #house #listreports #homeowner #happyhome #happyhomeowner #realestate #mortgage #loanofficer #goinghome #investment
Dive into the seamless homebuying experience with me by your side. I’ll make sure you’re in the ‘swim’ of things, helping you navigate the loan process and make a ‘splash’ in the real estate market. Let’s ‘pool’ our efforts and make your dream home a reality! š”š¦ #thehelpfulLO #home #house #listreports #househunting #homebuying #realestate #happyhomeowners #happyhome #summertime #makeasplash #summer #icanhelp
It can be hard to decide when to upgrade certain parts of your home, so most people wait until other repairs are needed. Where would you start if you could upgrade your home with a snap of a finger? #thehelpfulLO #home #house #listreports #homeowner #realestate #mortgage #investment #homereno #hometips #loanofficer #themoreyouknow
Selling your home? Here’s the ultimate tip: Partner with a top-notch real estate agent! š āØ As a loan officer, I’ve witnessed firsthand how a skilled agent can make all the difference. Let me connect you with an exceptional agent who will navigate the market, negotiate the best deals, and ensure a smooth selling process. Reach out today, and let’s make your home-selling journey a breeze! #thehelpfulLO #home #house #listreports #network #realestate #mortgage #loanofficer #icanhelp
Are you a person who wants a move-in ready home or a home you can fix up and make your own? Whichever one you’re looking for, I’m here to help with financing. #thehelpfulLO #home #house #listreports #househunting #newhomeowner #happyhome #beautifulhome #mortgage #loanofficer #investment
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. Itās 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 youāre 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 monthās income, 2 years tax returns, 2 months bank statements, appropriate identification, and some other items.Ā You can find a link with anĀ approval checklistĀ here on my video blog.
Now, what we do with that information is we not only justā 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 Ā 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. Iād be glad to share it with you. Thanks a lot.
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