Be Prepared! Act Proactively! Gather & Retain this Documentation & Info for Future Mortgage Application

Reblogger Sally K. & David L. Hanson
Real Estate Agent with EXP Realty 414-525-0563 57026-90 Broker

Don't let the process of applying for a mortgage be intimidating...follow this plan and you find it much easier...and in the end...soooo worthwhile !

 

 

Be Prepared! Act Proactively!

Gather & Retain this Documentation & Info

for Future Mortgage Application

 

 

There is typically one bit of knowledge that the overwhelming majority of home buyers already know when they contact me for a mortgage ...  

 

They know they'll need to provide "a boatload" of information and documentation to get their mortgage ball rolling.  

 

What exactly does "a boatload" entail?   Well, they're not sure about that.

 

And that's certainly understandable.  Until you've actually gone through the process of pre-qualifying and applying for a mortgage, there's typically no exposure to or need for that having that kind of information.

 

 

But if you're someone that:

  • Already KNOWS you want to buy
  • Are dreaming about homes online, etc.
  • Are actively looking at homes
  • Think you might want to buy, but at some point in the future 

 

Well, that changes things ... 

 

If you find yourself in one of the situations mentioned above, there's good reason and cause to know and learn more about mortgage financing and what will be required of you at that time.  There's plenty of reasons to take proactive action. 

 

While the number of documents most often needed by a lender isn't as bad as the "boatload myth" would have you think, it's just plain smart to educate, organize, and prepare yourself for reality.  That preparation will pay off for you big time during your application and process ahead. 

 

While good recordkeeping and organizational skills always pay big dividends, they take on special importance when it comes to mortgage application and processing.  Having taken the time and proactive measures to retain the proper records and information required by a lender pays off immensely, as it helps you navigate your future mortgage process more quickly and easily ... and lower the stress you feel during that time.   

 

So ...

 

  • What documents, records, and information will you need for pre-qualification and mortgage application should/when you decide to buy a home? 
  • What records and documents should you proactively be keeping organized and handy now until you need them later

 

I've created a video (below) that shows those things that are typically required by lenders during pre-qualification or mortgage application. 

 

Just click to get started ...  

 

 

 

After watching, download this video for easy reference and referral in the future.  This and other info may also be found by visiting my website and clicking on Mortgage Checklist.

 

Remember to Contact Me should you have any questions or be in need of mortgage assistance ...

 

 

*  Should you be thinking of Buying or Refinancing a home or Investment Property in New Lenox, Will County or elsewhere in the Chicagoland - IL - WI region, please contact me. 

I'll be happy to hear from you and put my 40+ years of mortgage experience and expertise to work on your behalf.
     I'm easily found at:


Gene Mundt

Mortgage Originator  -  NMLS #216987  -  IL Lic. 031.0006220  -  WI #216987
 
American Portfolio Mortgage Corp.
NMLS #175656
 
 
Direct:   815.544.2280
Cell/Text:  708.921.6331
eFax:   815.544.2281     

 

 

 

 

  

 Twitter Account of Gene Mundt, Mortgage Lender   LinkedIn Account of Gene Mundt, Mortgage Lender   Facebook Acct. of Gene Mundt, Mortgage Lender   Pinterest Acct. of Gene Mundt, Mortgage Lender   

   Gene's Chicagoland Blog/Gene Mundt, Mortgage Lender  

    

 

Gene Mundt

 Mortgage Originator  -  NMLS #216987    

                                 IL Lic. #031.0006220  -  WI License #216987                                                                                                    

NMLS #175656

 

Gene Mundt, Mortgage Originator,  40+ years of #mortgage experience, will offer you exemplary mortgage service and advice when seeking:  #Conventional, #FHA, #VA, #Jumbo, #USDA, and Portfolio Loans in #Chicago and the greater Chicagoland region, including:  The #Lincoln-Way Area, #Will County, (#New Lenox, #Frankfort, #Mokena, #Manhattan, #Joliet, #Shorewood, #Crest Hill, #Plainfield, #Bolingbrook, #Romeoville, #Naperville, #Wilmington, #Peotone, etc.), #DuPage County, the City of Chicago, #Cook County, and elsewhere within IL and Wisconsin. 

 

Your Referrals & Testimonials are Always Greatly Appreciated! 

 

Email Me .. to be added to my Mortgage & Real Estate Newsletter

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Rainmaker
3,280,767
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning Sally. You can’t go wrong with mortgage advice from Gene. Enjoy your day 

Jul 23, 2019 04:19 AM #1
Rainmaker
5,000,242
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
Marketing Agent for The Todaro Team

Good morning, Sally K. & David L. Hanson (sally) good choice for a reblog....and being proactive and following Gene's advice is a wise one....

Jul 23, 2019 04:24 AM #2
Rainer
521,167
Sham Reddy CRS
H E R Realty, Dayton, OH - Dayton, OH
CRS

Great information, thanks for sharing!

While good recordkeeping and organizational skills always pay big dividends, they take on special importance when it comes to mortgage application and processing. Having taken the time and proactive measures to

retain the proper records and information required by a lender pays off immensely, as it helps you navigate your future mortgage process more quickly and easily... and lower the Stress you feel during that time.  

Jul 23, 2019 04:53 AM #3
Rainmaker
1,923,051
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Good morning Sally and David - it is a process and requires organization and attention to detail.

Jul 23, 2019 07:11 AM #4
Ambassador
3,804,179
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Sally and David the biggest delays I run into in getting a mortgage approved are with Borrowers not providing the necessary documentation quickly.  It can be very frustrating when I cannot get them to understand the sense of urgency in providing documentation.  Sometimes it is because of bad record keeping, but many times it is just because just drag their feet.

Jul 23, 2019 08:28 AM #5
Rainmaker
3,173,702
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Sally andDavid, great reblog and one that more buyers should see and lenders should explain how things work.

 

Jul 23, 2019 08:29 AM #6
Rainmaker
2,919,331
James Dray
Fathom Realty - Bentonville, AR
Exceptional Agents, Outstanding Results

Morning Sally.

Interesting, as I never keep records, I just pay my bills.  

Jul 24, 2019 01:12 AM #7
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Rainmaker
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Sally K. & David L. Hanson

WI Realtors - Luxury - Divorce
For All Things Wisconsin Real Estate...Call the Hansons
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