The First Step in Financing is to Get Things in Order

Protect your privacy before we begin. The most important thing to do before we begin the process for your pre-approval is to Call 1-888-5-OPTOUT (1-888-567-8688) or visit www.optoutprescreen.com 

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6701764e1944f_website 6

The First Step in Financing is to Get Things in Order

Protect your privacy before we begin. The most important thing to do before we begin the process for your pre-approval is to Call 1-888-5-OPTOUT (1-888-567-8688) or visit www.optoutprescreen.com 

Before we pull your credit, we wanted to let you know about something that has been happening recently.  When a person applies for a loan, the credit bureaus (TransUnion, Experian and Equifax) are selling your information to other lenders.  We have heard stories that some of them have received as many as 200 calls within 48 hours of applying.  This is a loophole these credit agencies have that allows them to do so but there is one thing you can do to prevent that from happening.  To eliminate this from happening, please call or go online to Opt Out.

Let us know when you have completed this process, we’ll wait 24 hours and then we’ll pull your credit.

Also please confirm that all credit reports area available, not “frozen” or locked.

The second step is to get your documents in order to upload with the application.

There are several loan products available, each with varying documentation requirements. Initially, we will evaluate your income documentation to determine if you qualify for a fully qualified mortgage, which typically offers the best rates. If your loan payment can only be supported by bank statement deposits or the income generated by the property, we have specialized programs to accommodate those needs. However, it’s advisable for the loan officer to pre-underwrite your tax returns and monthly income statements to accurately calculate your debt-to-income ratio before making a final decision.

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