If you’re seriously considering getting a first mortgage or refinancing your home, the very first step you should take is to see if you qualify for a loan. The fact of the matter is that refinancing is a complicated process, and you need guidance through this process to determine which loan will fit your financial needs, and how to qualify in the most quick and efficient manner.
Let our private mortgage managers of Atlanta give you tips on how to make your loan qualification process easier.
What Do I Need to Pre-qualify for A Private Mortgage?
In order to pre-qualify for a loan, there are several criteria you must meet in order to make the pre-qualification process easier, and in order to ensure that your loan will be approved.
The following criteria will affect whether your loan will be approved, and how quickly you will be able to move through the qualification process. These criteria include:
- Your credit report
- A report of your earnings
- A report of your savings
- Your debt information
Based on these criteria, your mortgage lender will be able to determine whether or not you can qualify for your mortgage, and the nature of your mortgage rates.
If you would like an overview of the mortgage application process, please click here.
Making The Pre-Qualification Process Easier
- Evaluating your credentials beforehand. Look at your savings, credit score, and earnings and try to determine whether or not you can financially handle a mortgage. This will help you prepare for the loan application, and get you off on the right track when it comes to choosing the right type of loan to apply for.
- Have all of your materials on hand. When you first go to qualify for your mortgage, have all of the necessary paperwork. This will make the application procedure extremely easy, and it will help your private mortgage lender.
At Simply Direct Mortgage, you can actually start the pre-qualification process online. If you’re interested in pre-qualifying for your home loan online with Simply Direct, please click here.
Choosing Simply Direct
When you choose Simply Direct Mortgage, our mortgage lenders can offer you a variety of benefits. Our mortgage brokers always offer no closing cost mortgages and we only charge a 33% commission rate.
If you would like a complimentary consultation with our private mortgage managers in Atlanta about pre-qualifying for your home loan, please call our office today at 404-475-6270.
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