How to Get Pre-Approved for a Mortgage: The mortgage process demystified

Are you thinking of buying a home in the near future? If so, you will need to get pre-approved for a mortgage. This process can seem daunting, but it doesn't have to be. In this blog post, I’ll be demystifying and simplifying the mortgage process and teach you how to get pre-approved!

The first step in the mortgage process is to gather all of your financial documents. This includes things like your W-2, TWO years of tax returns, pay stubs, and bank statements. You will need to provide these to your lender so they can get a clear picture of your financial situation.

Once you have gathered all of your financial documents, the next step is to find a lender. You can shop around for lenders online or ask family and friends for recommendations. Once you have found a few potential lenders, it's time to compare interest rates and fees. Be sure to read the fine print before selecting a lender!

After you have selected a lender, it's time to apply for pre-approval. The pre-approval process is when the lender reviews your financial documents and gives you a letter stating how much they are willing to lend you. This letter is valid for a set period of time, usually 60-90 days.

Now that you know how to get pre-approved for a mortgage, the next step is to start shopping for your dream home! Be sure to work with a real estate agent who can help you navigate the home buying process. I hope this blog post has demystified and simplified the mortgage process. If you need help finding a trusted lender, contact me today and I'll connect you with a great referral!