A Process Second-To-None
We are about to become new best friends! In life, there are two people you always need to shoot straight, your pastor and your mortgage specialist. The more we know up front, the easier it all becomes.
Below is a brief outline of how our strategic second-to-none pre-approval process works. Give us a call today if you have any questions or to discuss your goals and financing options.
A quick word from a bearded beauty on the process and your one-on-one consultation.
STEP #1 Initial Call
The truth of the matter is, we are on your team 100%. We will take the time up-front to listen to your needs & goals, answer all questions and thoroughly outline the process. This custom-tailored approach ensures our clients get the highest level of service and insight.
Short & Long-Term Goals
No two buyers are the same, which is why we ask questions and listen to your goals.
Preferred Monthly Payment
Knowing your max payment for that perfect home essential as we prepare to review all options.
Out-of-Pocket Costs
We'll walk you through the "three-buckets" of closing costs so there are no surprises.
STEP #2 Documents
Here are some of the documents we may need, however this list is unique to all.
Income Documents
These items can include 30 days of Paystubs, two years most recent W2's, Retirement Award Letters, etc.
Asset Documents
These are two months most recent Statements your Bank, 401k, IRA, Money Markets, Stock accounts, etc.
Credit Documents
Copy of Drivers License, Green Card, Bankruptcy paperwork, Divorce Decree, Child Support or more may be needed.
STEP #3 Verifications
We take care of all of the 3rd party verifications (behind the scenes) to ensure the home buying process will be smooth and without any surprises.
Verification Of Employment
We order a “VOE” immediately for all employers (over the last 2 years). Believe it or not, 95% of lenders do not do this, that’s crazy to us!
Review Bank Statements
The underwriter is going to look for recurring payments, insufficient funds and large deposits. We do this up-front to make sure its addressed.
Verify Usable Income
“Usable income” is dictated by Fannie Mae & Freddie Mac, not us! We collect the “VOE” upfront to justify your income, per guidelines.
STEP #4 Prep Package
Once all requested documents are in, verifications returned and wizard-like calculations complete; Your Pre-Approval is finalized and we prepare everything for our one-on-one consultation.
Prep Package & Presentation
As mentioned, our consultation is second-to-none, we have to prepare in order to educate!
Ensure All Goals Are Reached
We will outline how to reach your out-of-pocket goal(s) and outline a specific path to achieve them.
Schedule Review & Consultation
Upon being pre-approved, we schedule your consultation so you can start searching ASAP.
STEP #5 Consultation
We never sell, we educate. Our consultation via zoom (or in person) is transparent, personalized and specific to meet all of your financial goals.
What our one-on-one consultation will cover.
Payment Goals:
What makes up your payment.
Rates, discount points, ROI on cost, etc.
How property taxes vary per home.
Deep dive into tax benefits and your “effective payment”.
Financial Goals:
Outline a path to reach monthly payment & out-of-pocket goals.
Costs prior to closing, what to plan for.
The Three Buckets of closing costs:
Down payment
Pre-Paid costs
Third party fees
