Your mortgage company does a lot for you. We process all of the paperwork and help make the decision on how much money you can borrow in a purchase or a refinance. However, there is a lot that we do for you behind the scenes to help you buy or refinance your home and even help you get on a better path to financial health. Your mortgage company can help, whether you are refinancing or buying a new home.
When you are ready to buy your home, you need to be pre-approved. What does that mean? It means that we run through your paperwork and work you up options on how you can buy your home. We show you the different loan products and how much you could borrow with FHA, Conventional, HARP, VA, USDA, or Jumbo loans. Getting pre-approved is setting your budget for the home shopping experience. We do that for you.
If you aren’t pre-approved, it’s not the end of the world. We can help you by showing you exactly why you were not pre-approved, and what steps you can take to get over the hump next time. We are here to loan people money, guys. We want EVERYBODY to get approved, but we can’t give money to people who can’t pay it back. You need to prove that you can handle the bills.
Most likely, if you failed the pre-approval, you can blame your credit score. If you have blown off credit cards or made late utility payments, you can be sure that it has hurt your credit score. Sometimes, it’s not even your fault. Credit companies make mistakes all of the time, including Equifax’s large date intrusion that exposed people’s personal information. That’s why it’s important to pull your credit before you apply for your loan.
No matter what the issue is, we can help you figure it out and set you on the path to fix it. We’re happy to help.
If you aren’t earning a regular, W2 income, you may have trouble getting a loan with a traditional bank. That’s because proving your income is a HUGE part of your loan application process, and many contractors or multi-income individuals see peaks and valleys in their income. We help you file the right paperwork and make sure that we know what your real income is to get you the right amount of money for your mortgage.
Call The Home Loan Expert Team in St. Louis at (314) 781-9700, Chicago at (773) 770-4727, Indianapolis at (317) 550-1515 or Nashville at (615) 810-8555. You can always apply online at www.thehomeloanexpert.com, and we’re also open on Saturdays and will come to you to help close your loan. We work hard to make it easy on you. Nobody gets lower rates on better loans than The Home Loan Expert, Ryan Kelley, why go anywhere else?