The main difference between a pre-approval and a loan application is that there is no specific property when a pre-approval is issued. A pre-approval means that your mortgage consultant will gather all the necessary information to give you a full approval, subject to a successful appraisal… giving you the same negotiating strength as a cash buyer. It also means that you will be able to close your loan quickly and the seller can move into their new home faster.
The first step in obtaining a mortgage loan is determining a mortgage payment budget. As a general rule, this budget shouldn’t exceed more than 28% of a person’s gross income. To learn more about preparing a mortgage loan application, take a look at this financial planning infographic.
A good credit score is essential to getting your home loan approved but how do you increase your score? This infographic shows 7 #tips to increasing a #creditscore. https://www.homeloanexperts.com.au/blog/home_loan_articles/increase-your-credit-score/
Explore Loans, Grants & Funding You have a variety of options when it comes to financing your small business. Explore your opportunities that range from traditional loans to grants and bonds. http://tanariiservices.wix.com/tanariiservices
Buying Your First Home - Loan Application Checklist.png Kentucky FHA, VA, USDA & Rural Housing, KHC and Fannie Mae mortgage loans. I have helped over 589 Kentucky families buy their first home and refinance their current mortgage for a lower rate; First time buyer $0 money down still available with down payment assistance with KHC