Q: What documents do I need to get pre-approved?

26 09 2011

A: More than you’ve got. ūüôā

Seriously, if you are prepared, getting pre-approved for a home loan is simple.¬†¬† You and I set up a time to talk about what you want to achieve¬†with this transaction.¬† This can be¬†on the phone or in person, and usually takes between 15 and 30 minutes.¬† We’ll cover the bases¬†of getting approved, the homebuying process, and we’ll look at different strategies to save the most money on your home over time.

By the end of this conversation, I will tell you whether or not I can help you, and if I can, exactly what I will do for you.  I will also give you a detailed list of documents to gather, so I can give you a pre-approval letter that shows I have verified your income, assets, and credit and that you are fully approved.

These are usually:

All pages of the last 2 years of your Federal tax returns

The most recent 1 month of paystubs

All pages of the last 2 months of bank statements

All pages of your most recent retirement or investment account statements

Driver’s license and social security cards

And if you are refinancing, your most recent mortgage statement, your home owner’s insurance declarations page, and your tax sheet

That’s typically all you need.¬† Then we have a follow-up meeting after you’ve gathered the documents so we can finalize your approval.¬† We’ll address any challenges on your approval and¬†make sure that we have solutions.¬† This way there are no last-minute curveballs before closing.¬†

I’ll educate you on the different ways we can structure your loan to maximize your savings monthly or over time, and you can choose what is best for you.¬† This is how I am saving your fellow Oklahomans over $20 Million dollars on their home financing this year, and I want to help you be a part of this family.

Please contact me for a complimentary consultation today.

Wilhelm Koenig