Get loan pre-approval

How does my credit score affect pre-approval? Is this really a necessary step in the process? Can I get a loan without first being pre-approved?

All of your financing questions will be answered during our first meeting. Brandon Green Companies will:

• Review your finances
• Determine how much you can afford to spend
• Explore your financing options
• Develop a plan for obtaining pre-approval
• Recommend the best lending companies

Mortgage rates are in constant flux. Contact us to get current mortgage rates, learn about the different mortgage types, and find out how they will impact your bottom line.

Your interest rate depends on your borrowing profile. To determine the interest rate lenders will offer you they evaluate your:

• Credit score
• Income-versus-debt ratio
• Assets
• Payment history
• Length of credit history
• Number of credit inquiries

The stronger your credit profile, the lower your interest rate will be. If you are a first-time homebuyer, you are going to love the tax incentives and interest rates that may be available to you.

Before you pick up the phone and talk to a lender you’ll need to have this information handy:

• List your assets and debts (include 401(k) plans, IRAs, stocks, bonds, and all of your bank accounts)
• Collect statements from all of your accounts for the last three months
• Gather your tax returns from the last two years
• Assemble your paycheck stubs from the last four weeks

Here are some lenders we recommend:

• Rob Riggins, Washington Home Mortgage 301-907-0741
• Greg Kingsbury, Bank of America 301-254-1486
  
• Dominic Turano, Wells Fargo 202-216-5704

After you have talked to a lender and provided all the financial information he or she requested, you should receive a letter of pre-approval. This information is what you and Brandon Green Companies need to continue the process of finding your next home.

› Go to the next step: Find your home
› Return to the previous step: Set your goals