The mortgage process can seem daunting to those who have not yet been through it. There can seem to be an endless amount of hoops to jump through, accompanied by strings of phrases and terminology which can appear to be a completely foreign language. At Consumer Real Estate, however, we pride ourselves on making this process as streamlined and simple as possible.
The first step is to let us know how we can help you. When you enter your information online, it goes directly to one of our Loan Officer Assistants, who will open a file for you and get in touch within 24 business hours. When we reach you, we will need to ask just a few basic questions regarding your income, credit score, work history, and living situation. Once we have this information, if it seems as though we would be able to help you, we will get you speaking to a Loan Officer licensed in the state that you are interested in purchasing in.
The first thing that the Loan Officer will do is take a look at your finances and your credit. If all is in good standing then he or she will request a few documents from you that we will need in order to move forward. These documents can vary depending on your situation, but often can be as simple as one month’s pay stubs and a copy of your tax returns from the past two years. Based on this information, we will calculate what you can be pre-approved for. We then will send you a letter of pre-approval that can be used as evidence of where you stand financially while you are shopping for a home. There are a few more steps to go through, however, before the loan can be fully approved, but these first ones are quick, easy, and will allow you to go out and shop for new homes with confidence!