Today we’re going to continue talking Buyer Hacks and getting ready for the pre-approval process. As we talked about in other videos, a pre-approval is where a lending institution will take a look at all your financial information and make a determination, in writing, that they will work with you on a loan. Keep in mind that most agents won’t take you out to see homes until you have a pre-approval in place because you cannot submit an offer without one. Keep in mind that credit score matters. If your credit is lacking, talk to your lending institution. Those folks will help coach you to get your credit score boosted. Some of the things that you’re going to need to put in place before you submit a pre-approval application: you’re going to need 1 to 2 years of tax returns. You’re going to need a couple months of pay stubs. Andd you’re going to need bank statements. If you are self-employed they’re probably going to ask for a balance sheet and/or profit loss statement so keep that in mind.
I hope this information was helpful! If you are considering buying or selling a home, I would love to talk to you. I am a seasoned agent with over 23 years of experience in the local real estate market. I would love to be able to get you the financial result you desire from your current home to get you in to that Dream Home! Don’t hesitate to call me anytime at 260-579-1516 or you can email me at mike@mikearchbold.com.
