To ensure that your offer is the one the seller accepts, you need to differentiate yourself from the other potential buyers. The SeanZ Team can help you do this!
Are you ready to buy a house? You may be thinking that you won’t have any problem getting your offer accepted because you have a high credit score, and you’re buying a home that is well within your means. Well, so is the other person making an offer on your dream home!
To ensure that your offer is the one the seller accepts, you need to differentiate yourself from the other potential buyers. The SeanZ Team can help you do this!
What is a Pre-Approved Mortgage?
A pre-approval is when you submit all of your information upfront to your lender so that they can complete the process and verify your loan before you get your offer accepted. Once you are pre-approved, you will get a letter that you’ll be able to show the sellers. This letter lets the sellers know that you have already begun the process of working with a lender and that the lender is prepared to work with you. This will give the sellers peace of mind knowing that they won’t be wasting their time, and this gives you a significant advantage over other potential buyers.
The TBD Mortgage Process
Many buyers think they need to find a house to buy before getting the mortgage paperwork done. However, in the mortgage world, 95% of what we do has nothing to do with the house.
The first step is to fill out the application and provide several disclosures. Then we can submit everything to underwriting. Once this is done, you have six months before you would have to have a home under contract.
There are several documents you will need to give to your lender. These include:
- Driver’s license or U.S. passport
- Social security number or card
- A copy of the front and back of your green card, if you’re not a U.S. citizen
- Credit history
- Employment verification
- Recent pay stubs
- W-2 forms for the last 2 years
- Proof of additional income
- Previous 2 years of personal federal income tax returns
- Previous 2 years of business federal income tax returns, if applicable.
- Bank statements showing you have enough to make the down payment and closing costs
- Last quarterly statements for any asset accounts you may have
We can do the entire process online. Once you have filled out the application, we can figure out whether the paperwork needs to be e-signed or if they need to have a real signature, depending on the loan product. So we literally can do almost your entire loan without you having a house under contract.
Sean Zalmanoff Mortgage
You need to differentiate yourself from the other offers, and we can do that for you! Not only do we call the listing agent and let them know how great your offer looks, but the number one thing that we do that separates us from everyone else is we give the seller a $5,000 guarantee when you submit an offer on their house. We put our money where our mouth is, and my team would LOVE to earn your business.
