Home Buyers Things You Should Know While You Are Waiting To Close
The seller has accepted your offer, and now you just got to sign the closing papers. Right?
Unfortunately that is not right. Depending upon your level of pre-approval, you still may need to provide some additional documentation to your lender. I was watching TV the other night and saw an advertisement for Quicken Loans Rocket Mortgage app. As a Dallas and Fort Worth lender with 17 years of experience, this commercial made me laugh out loud. I quite frankly don’t know how they get away with telling people there is no paperwork.
Almost any lender can allow you to get prequalified online or over your phone, in fact I have a mobile app, richardwoodward.mortgagemapp.com, available as well. The hard work comes in documenting what you have input as your income and assets. Let me be perfectly clear, even at Quicken Loans Rocket Mortgage, all borrowers must provide proof of who they are, how much they earn, and how much they have in the bank. It’s just basic mortgage lending 101. Gone are the days that you can just sign your name and get the keys to your dream home.
With that in mind, watch this video for some advice on what to do and what not to do during the mortgage process.
If you have not been preapproved by a local and direct lender, I would be very much appreciative of helping you with your home buying needs. I am available for face-to-face meetings, over the phone chats, video communication via the Internet, or text communication. Ultimately my goal is to ensure a fast and easy stress free home buying experience. You can start your process now online at www.mortgageprosUS.com or simply give me a call at 214-945-1066.
Richard Woodward, NMLS 217454
Your Local, Direct, 5 Star Rated Mortgage Lender
Office: (214) 945-1066
Licensed by the Texas Department of Savings and Mortgage Lending (SML) Mortgage Banker Registration. Equal Housing Lender. This is not an offer of credit or commitment to lend. Loans are subject to buyer and property qualification. Rates and fees are subject to change without notice. Link to RMLO Complaint recording instructions.
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