The Mortgage Loan Process
Love Your Loan Officer!
Five Questions to ask your Mortgage Loan Officer
Choosing a lender is a big decision, but asking these five essential questions can shed some light on your prospective mortgage professional and put your mind at ease.
This is not a slowdown!
Last winter, many buyers believed a real estate slowdown was imminent. But the slowdown hasn't materialized and competition remains as fierce as ever!
Investigate Your Loan Officer
Your loan officer is the person who should hold your hand throughout the process of getting a mortgage. So how do you know if they have the experience necessary to do their job? It's easy to figure out with a little Internet sleuthing.
Some lenders are having pre-approvals fully credit-approved by an underwriter. Are these transactions more likely to close? Maybe. Maybe not.
Don't be like Dick!
The real estate market in Port Townsend and Jefferson County (WA) is extremely competitive. Whether you're a first time buyer or are looking for the perfect retirement home, get pre-approved for your mortgage loan. Don't be like Dick!
Let's Talk Pay Stubs
One of the first documents your lender will want to see are pay stubs reflecting the most recent 30 days of income.
Lightning Fast Pre-Approvals!
In nine minutes, I was able to double check the numbers, create a pre-approval letter, and email it to my customer and her real estate agent - all without having to move from my perch on the couch.